Tag: Asia Pacific Legal News

Famous indian landmark

India: First Ever States’ Scorecard of Business Reforms Ushers Competitive Federalism

The results of the first ever survey of Indian States on implementation of ease of doing business is out and has thrown up interesting results. A long needed clarification on facility sharing by foreign group companies brings in the desired relief. The Government recalled its decision […]

India: Foreign Investment Hits and Tax Reform Misses

The Government of India has complied with its announcements made in the annual union finance budget to set up composite caps for foreign investment. However there was a setback to its tax reforms when the GST Bill could not be passed. Composite Caps for Foreign Investment – The […]

Opera house

Legal Innovation takes center-stage in Asia-Pacific

The months of July and August have seen a flurry of conferences and news coverage dedicated to legal innovation in the Asia-Pacific legal markets.  And this trend will continue into September.  Here’s a list of what’s happened so far and what’s coming next: On July 30th, […]

Famous city of china shanghai pic

For some foreign law firms, not being in Asia is an Asia strategy

Another foreign law firm has chosen to not maintain a physical presence in Asia – while instead focusing on foreign direct investment from Asia into the jurisdictions where they practice. This strategy is employed by firms primarily as a means to secure work around Asia’s growing […]

More law firms in Asia add consulting services

News last week that Singapore-based RHTLaw Taylor Wessing (@RHTLawTW) had bolstered its consulting practices underscores a trend that appears to be gaining significant pace in international legal markets.  The RHT Group of Companies, which are wholly owned companies of RHTLaw Taylor Wessing LLP,  now have consulting divisions ranging from […]

India Gears Up to Roll Out the Red Carpet for Foreign Law Firms

The Government of India has made up its mind to allow foreign law firms to practice in India. It has virtually crushed all opposition for years altogether in a matter of months. There have been several media reports in India late last month quoting the then […]

River urban area

Law firms turn to strategy directors for competitive advantage

In recent months two international law firms with operations in the Asia-Pacific region have appointed directors of strategy with an aim to gaining competitive advantage in crowded and competitive legal markets. In May, global law firm Baker & McKenzie appointed Julia Hayhoe Global Director, Strategy Implementation. […]

Hiroaki tsuda

Facilitating investment in Japan – an interview with Tokyo-based lawyer Hiroaki Tsuda

As the Japan Times reported last year, Japanese Prime Minister Shinzo Abe’s administration developed an updated growth strategy calling for a doubling of the “outstanding amount of foreign direct investment in Japan to ¥35 trillion by 2020, with the government taking necessary policy steps and the […]

Naoise gaffney

Tokyo Legal Startups find support and inspiration from “StartEd”

As Disrupting Japan blog author Tim Romero has outlined: “The startup scene in Japan is laying the seeds for [the country’s] next economic miracle.”  And a part of that miracle may very well be Tokyo-based legal startups.  Few would know more about this subject than Dublin-based lawyer Naoise Gaffney. […]

Giuliana auinger

How Axiom is transforming the business of law in Asia

In September of 2013, Eric Chin of Australia’s Beaton Capital explained why by 2018 — Axiom may become the world’s largest legal services firm.  Founded in 2000, Axiom is among a new breed of private equity-backed alternative providers of legal services commonly referred to as “NewLaw”.  These “NewLaw” firms […]

Law professional

Facilitating China-Canada cross-border investment: A Q&A with Stephen D. Wortley of McMillan

Think Asia, Thing Hong Kong, a conference focused on facilitating trade and investment with China via Hong Kong, took place in Toronto June 8.  Key among the participants was Stephen D. Wortley, Chair, Hong Kong Office and Co-Chair, China Practice Group at McMillan LLP.  In conjunction […]

Eddie law, founder of eLawyer.com.my

The Current State of the Malaysian Legal Market: A Q&A with Eddie Law, Founder of eLawyer.com.my

The Malaysian legal market is currently undergoing structural reform while competition is increasing.  Here’s an update on the market in the second quarter of 2015 from Eddie Law, Founder of  eLawyer.com.my: How would you describe the overall current state of the Malaysian legal market? In general, […]

Business person

Opportunities for foreign investment in Vietnam state-owned enterprises

Dr Net Le, Partner at LNT & Partners in Vietnam and Head of the firm’s Arbitration and Financial Services Practices was among the panelists addressing the issue of state-owned enterprises amid the transformation of command economies on Saturday, May 9th at The Inter-Pacific Bar Association’s (IPBA) 25th Annual Meeting and Conference in Hong Kong.  After Dr […]

PwC poised for success in the Japanese legal market

“PricewaterhouseCoopers (PwC) has launched a legal services arm in Japan”  – as Elizabeth Broomhall (@ELBroomhall) reported last week in Legal Week. “The big four accounting firm began providing legal advice in Tokyo [in November] debuting with one partner offering local law advice and focusing on corporate and […]

Wolters Kluwer Hong Kong: Making law readily accessible on one online platform with PrimeLaw

The idea that “The law should be readily accessible” lies “at the heart of the development” of PrimeLaw — Wolters Kluwer Hong Kong’s major product in the making for the past year — according to Chloe Lau, Head of Publishing and Product Development for the company.  Here’s […]

Street road

Current trends shaping Vietnam’s legal market in 2014

Current trends shaping Vietnam’s 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 by this author entitled A Comprehensive Guide to the Asia-Pacific Legal Markets.  Below are excerpts from Wong’ […]

Lawyer

Hong Kong-based LawTranslate eyes the global legal translation market: A Q&A with Founder and Director Barry Wong

Recently Asia Law Portal had the opportunity to sit down with Barry Wong, Founder and Director of Hong Kong-based LawTranslate (@lawtranslatecom) – to discuss the company and its core services offer and plans for the future. LawTranslate focuses on translation services to the legal services sector […]

Business district hong kong

The Asia-Pacific Legal Markets 2014: Opportunities and Challenges

Last Friday this author made a presentation to the Clyde & Co Asia-Pacific Conference in Hong Kong on the subject: The Asia-Pacific Legal Markets 2014: Opportunities and Challenges.  The presentation was based on excerpts from my new book entitled: A Comprehensive Guide to the Asia-Pacific Legal […]

Sydney australia

Is Australia the world’s most competitive legal market?

“For many, the Australian legal marketplace presents something of a quandary. On the one hand, its close proximity to the fastest growing legal marketplace on Earth – Asia, makes it an extremely attractive jurisdiction to be located in. On the other hand, with a population of […]

China's city shanghai

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 — Asia-Pacific’s indigenous law firms face a rapidly evolving landscape requiring concerted action to […]

Griffith park

China’s investment into Los Angeles doubles between 2009-2014

“Investment into Los Angeles County from China has doubled over the past five years” according to two new reports issued by the Los Angeles County Economic Development Corporation (@LAEDC], as Kevin Smith (@SGVNBiz) reported in the San Gabriel Valley Tribune yesterday.  “’International Trade Outlook for the […]

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, […]

Marina bay sands singapore

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 […]

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 […]

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 […]

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 […]

Dome

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 […]

House with flowers painting on it

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 […]