India to lift restrictions on law firm websites

“The Bar Council of India has responded to widespread demands by announcing it is to lift restrictions on law firm websites”, according to a recent report by Melissa Lesh in The Global Legal Post. As Lesh outlined: “The bar is planning to amend the regulation dealing […]

Japanese law firms continue Asia expansion drive

Japan’s top law firms are continuing an Asia expansion drive in an effort to assist Japanese companies in their expansion drive in the region – as well as to capture market share from high growth economies in China and the ASEAN region. In January, The Global […]

Five critical strategies for US law firms to succeed in Asia

Professional services providers around the world have much opportunity in the Asia-Pacific region – should they approach the market with 5 critical strategies, according to a new report by Eric Chin, Senior Analyst at Beaton Capital in Australia. Chin first outlines 5 key opportunities for professional […]

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Report on NewLaw from the ReInvent Law Conference

Two significant and unrelated legal industry events made news among the 800+ delegates at the ReInvent Law conference in New York on February 7. The collapse on February 5 of Heenan Blaikie, an establishment Canadian BigLaw firm, and the announcement on February 7 of British Telecom’s appointment of […]

When Will NewLaw Firms Be Relevant In Asia?

With the NewLaw business model gathering pace in many developed economies it’s time to ask ‘When will NewLaw firms be relevant in Asia? To date the spread of the many types of NewLaw firms has been mainly confined to north America, the UK and Australia. When will […]

US law firms likely to continue to follow clients to Asia

Anthony Lin, writing in The Asian Lawyer last week, outlined the prospects for American law firms in Asia for the foreseeable future.  The bottom line of Lin’s article comes down to Lin’s prediction that the Asian marketplace will continue to grow, continue to attract US business, […]

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Asia-Pacific M&A activity high, characterized by intra-regional deals

LegalWeek.com reported this week that “Dealflow and value in the Asia Pacific, excluding Japan, last year soared to its highest level since 2001, according to new data from Mergermarket.  The region saw 2,577 deal announcements in 2013 compared with 2,297 in 2012, marking a year-on-year rise […]

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US law firms in renewed focus on Asia market

DLA Piper and Duane Morris have in recent months both initiated new drives to capture more work out of the Asia-Pacific region. Last December, DLA Piper announced “the appointment of [a] new three-strong Asia advisory committee…designed to create more synergies between the firm’s US and Asia […]

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Ecuador and Latin America offer much to Asia’s investors

Latin America has become the most attractive and lucrative growing market and business opportunity in the world, and the second most important trade partner with China and Asia. A $4.8 trillion economy, US $26 Billion in China’s investment projects and US $261.000 million reached with China´s […]

It’s Time for Large Firms to Look Over the Horizon

A recent London-based publication carried a range of opinions about the shape and destiny of large law firms in 2018. For partners in these firms articles such as these can’t make comfortable reading. But I think they miss the real point by not looking over the horizon. What […]

Singapore poised to become capital-raising hub for Myanmar companies

Singapore is playing an emerging “role as a magnet for Myanmar companies eager to grow as their country emerges from decades of isolation but frustrated by its crippled banking system and barely existing financial markets.  Lawyers and financial advisors who work closely with Myanmar firms say […]

NSW proves to be attractive to overseas investors

The New South Wales Government has been attracting overseas investment under the Significant Investor Visa (SIV). The SIV is a new category of visa introduced by the Commonwealth Government in November last year to help the country attract more international high net worth individuals who are […]

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Western China’s Financial Centers: Regulations Affecting Foreign Law Firms and Clients

Western China will experience a substantial influx of foreign investment as manufacturers gradually move inland away from the relatively developed and expensive east coast. Foreign goods and services are soon to follow, as Western China’s financial centers such as Chongqing and Chengdu experience increased demand for […]

Pointers to change and opportunity for law firms in Hong Kong

This post is based on recent research that provides pointers to change and opportunity for law firms in Hong Kong. Much is changing in the Hong Kong legal profession. Our research amongst law firms and their clients reveals several insightful trends.  This post is the first […]

U.S. Law Firms Facing Competitive Challenges in China

As Yun Kriegler outlined recently in The Lawyer, after spending ten years in Asia, U.S. law firm Vinson & Elkins decided to close its Shanghai office. In July 2013, the Houston-based firm announced that it will shut down its three-partner office to consolidate its China practice […]

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How to find clients for your new law practice

If you are just about to start your first law firm / practice, one of the first questions probably is how to approach potential clients and get them onboard.  The principles laid out bellow, proven and borrowed from the start-up world, are also applicable if you […]

The state of private equity in Asia in 2013

According to Ms. Julia Leong, Hong Kong’s Under Secretary for Financial Services and the Treasury, who spoke at the 12th HKVCA China Private Equity Summit on June 11 of this year, “the private equity industry is now a key player in Asia’s evolving financing landscape.” Ms. […]

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Russian nuclear power investments in Vietnam an opportunity for lawyers

As the Voice of Russia recently reported: “Vietnam’s power industry plans to build 13 nuclear power units with an overall generating capacity of 15 gigawatts by 2030″.  Vietnam.net outlined: “The nuclear power market in Vietnam at present is estimated to be worth about $10 billion and is […]

Foreign law firms “flying into” Singapore

Singapore’s central location in the high-growth ASEAN region, it’s status as a safe financial hub and the increasing ease by which foreign firms can access the country, has led to a recent increase in the influx of foreign law firms. A super high-growth legal market According […]

US law firms set their sights on Asia

Phil Bolton of Global Atlanta reported yesterday that “With its acquisition of a California firm completed and the opening of a new office in Korea, the law firm of McKenna Long & Aldridge LLP will be increasingly committed to international work and focusing even more intently on […]

Will Hong Kong’s law firms adapt to new competition?

LegalWeek.com reported this week that Australia-based fixed-fee law firm AdventBalance “has brought its unconventional business model to Hong Kong with the opening of an office in the city”. The firm “seconds senior lawyers to clients’ offices for specific projects and transactions; agreeing a fixed payable amount for the […]

Myanmar’s first investment bank reflects the regions opportunity for professional services firms

The opening of the Myanmar economy to international trade and the democratization of the country have been widely reported around the world in recent months. As the New York Times reported: “After years of stagnation, change is coming to Myanmar at a rapid pace.  Since taking office […]

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Legal social media entrepreneurs gaining ground in Hong Kong

The Sheung Wan section of Hong Kong is an eclectic mix of the traditional and the modern – about a mile from the city’s gleaming office towers.  It’s here that I met Stephen Lai, Managing Director of Hong Kong-based Conventus Law.  A former Associate Publisher of Euromoney Legal Media Group(titles […]

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Malaysian legal market opening to foreign firms

As the Star Online reported from Kuala Lumpur, the Malaysian Parliament [The Dewan Rakyat] passed the Legal Profession (Amendment) Bill of 2012, which will soon allow foreign lawyers to open offices and practice law in Malaysia. What practices will foreign law firms be permitted to establish? Lee Shih, Partner […]

Hong Kong, China gateway: An interview with Deacons Executive Partner, Jeremy Lam

Introduction Hong Kong’s is both a gateway into China, but also as a superb conduit for Chinese outbound foreign investment, as the China Daily reported recently, echoing a sentiment expressed earlier this year by Deacons Executive Partner Jeremy Lam in an interview in BusinessWeek.  During the first half of […]

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India’s legal industry growing rapidly

“India[s] legal services industry is growing at a rate of about 40% per annum”, according to a report by Daisy Khanna, of KPO Consultants, a New Delhi-based consulting company which provides business solutions exclusively to the Legal Process Outsourcing (LPO) industry. While driven in large part by India’s LPO […]

Opportunities for law firms in Korea-US bilateral trade

The Inter-Pacific Bar Association Annual Meeting begins tomorrow here in Seoul – and I thought this would be a good opportunity to outline in particular what opportunities exist for lawyers in Korea and the US to capitalize upon the growing bilateral trade relationship between the US and Korea. Some background […]

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Chinese law firm Yingke enters the Israeli legal market – what’s next?

The Lawyer magazine (UK) has reported that one of China’s largest law firms, Yingke – has entered the newly liberalized Israeli legal market. The Lawyer reported that Yingke “merged with Israeli boutique firm Eyal Khayat Zolty, Neiger & Co, for its first step into the jurisdiction. The local firm has rebranded itself […]

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Latin America–Asia bilateral trade growth offers law firms new opportunities

The high growth and increasingly mutually engaged economies of Latin America and Asia offer significant new business development opportunities to law firms and other professional services firms – provided they put in place and execute plans to effectively secure new cross-border business. Latin America – Asia bilateral […]

South Korea’s lucrative legal market opens to foreign firms

As a result of two recent landmark free trade agreements between South Korea and the European Union and the United States, the South Korean legal market will now be open for American and European law firms. South Korea is the 4th largest market in Asia and […]

Impact of Asian legal market liberalization outlined at Seoul conference

The impact of legal market liberalization upon specific legal jurisdictions in Asia was the subject of a panel discussion last week at the Inter-Pacific Bar Association Annual Conference in Seoul, Korea. Lawyers in the midst of these changes which are bringing new competitive pressures upon regional domestic markets highlighted the […]

Asian legal market set to double by 2017

The Asian legal market is set to double by 2017, making it the world’s second largest regional market.  That’s what delegates from around the world attending the Inter-Pacific Bar Association’s (IPBA) 23rd Annual Conference in Seoul were told today (Wed April 18, 2013) by Alan Hodgart, a London-based consultant to […]