Tag: Asia legal market liberalization
India Lays Red Carpet for Foreign Law Firms
The long winding journey of entry of foreign law firms has finally concluded on a successful note with the Bar Council of India notifying the Rules framed in 2023. Soon after this significant development, NITI Aayog CEO BVR Subrahmanyam, referencing IMF data, stated that India has […]
Landmark Legal Development in India
It came as a huge surprise that the Bar Council of India (BCI) issued regulations permitting foreign lawyers and law firms to register in India.
Bar Council of India Stalls Entry of Foreign Lawyers
The Bar Council of India (BCI) has managed to throw a spanner into the Government’s steps to allow entry of foreign law firms. The Government continues its efforts to attract foreign investment with new and innovative initiatives and strategies. Entry of Foreign Lawyers. The Bar Council […]
Indonesia to be Asia’s next digital powerhouse: Implications for legal services
According to the recently released e-conomy SEA 2016 report conducted jointly by Google and Singapore’s sovereign wealth fund Temasek Holdings, Indonesia’s internet economy is growing at 26% annually. And it “will be worth about US$81 billion in 10 years, or about 40% of the total Internet […]
Residency Status for Foreign Investors and Further Liberalisation of FDI in India
India’s commitment to foreign investment was further fortified in the annual finance budget of the Government of India. The slew of announcements made by the Finance Minister, Mr. Arun Jaitley in the Lower House of the Parliament of India is expected to be instrumental in making […]
Remaking Law Firms: Why and How: New book provides invaluable guidance for law firm leaders
A new book entitled Remaking Law Firms: Why and How shows BigLaw firm leaders why they must start their remaking journey now and then sets out the ways in which change can be made and the tools to use. Authored by Dr George Beaton and Dr Imme Kaschner, […]
Demand for legal services continues to globalize
The demand for legal services is continuing to globalize, according to a recent report published by Managing Partner Forum and coauthored by Citi Private Bank and Hildebrandt Consulting. “The more global nature of legal work has particularly aided Am Law 50 firms”, the report concludes, “even […]
For foreign law firms expanding in Asia – Hong Kong or Singapore?
For foreign law firms eyeing the possibility of expansion into the Asia-Pacific region, a fundamental question is often: Should we open in Singapore or Hong? The two cities are key financial centers in the region and often serve as regional headquarters for foreign law firms here. […]
India: Retrospective Tax on Foreign Investment a Step Backward
In the past month the Indian Government took action towards facilitating foreign investment as was promised in the annual Union budget. However, all the beneficial steps were overshadowed by the controversial levy of Minimum Alternate Tax on capital gains by Foreign Institutional Investors. There were welcome […]
30 people to watch in the business of law in Asia in 2015
As 2015 begins – below is a list of 30 key people to watch for commentary and new initiatives in the business of law in the Asia-Pacific legal markets during the course of the coming year: Chris Devonshire-Ellis (@cde_asia) — Founder of Dezan Shira & Associates (@DezanShira) and […]
Can the Big4 accounting firms defeat BigLaw in Asia?
There are many documents about the entry of the Big4 accounting firms into the Asia-Pacific Legal Markets. The most recent move of note was PriceWaterhouseCoopers (PWC) beginning to offer legal advice in Tokyo beginning last November. Australia’s Beaton Capital traces the history of large accounting firms presence in […]
Current trends shaping Vietnam’s legal market in 2014
Current trends shaping Vietnams legal market in 2014 have been outlined by Kent Wong, Partner and Head of Banking, Insurance & Capital Markets at VCI Legal in a new book entitled A Comprehensive Guide to the Asia-Pacific Legal Markets. Below are excerpts from Wong’ analysis: Despite […]
10 law blogs in the Asia-Pacific Region worth following
Last year The Lawyer reported that law firms in Asia have “virtually no appetite” for social media. The Lawyer cited a study by Living Ratings. It studied the social media trends “of 60 firms, both international and local, in three jurisdictions, Australia, Hong Kong and Singapore.” […]
New Report: “Rapid evolution facing Asia-Pacific’s law firms”
According to a new report authored by Dr George Beaton and Eric Chin of Australia’s Beaton Capital — which appears in the new book: A Comprehensive Guide to the Asia-Pacific Legal Markets — the indigenous law firms in Asia for its regions face a rapidly evolving […]
Change comes slowly to the South Korean legal market
While a liberalized legal market and emerging technologies are transforming Korea- change is slow for the country’s legal market — according to Ryan Russell – a corporate finance attorney with Kim & Chang in Seoul and noted author of Kimchi Law Blog. Russell outlines his thoughts […]
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 […]
Impact of Asian legal market liberalization outlined at Seoul conference
A panel discussion at the Inter-Pacific Bar Association Annual Conference in Seoul, Korea last week focused on the impact of legal market liberalization on specific legal jurisdictions in the Asian legal market. Lawyers practicing in India, Singapore, Malaysia, Hong Kong, and Korea made presentations highlighting the […]