The increased liberalisation of markets in the Philippines is driving more international business and law firms to its shores, as the legal market prepares for increased billing, growing in-house capabilities and a talent war.
The Philippines, a closed, well-controlled market through most of its history, started…
In a stark contrast to international law firms, PRC law firms – even the giants amongst them – have traditionally been characterised as domestic players, dotting the vast internal market with offices and creating a self-sustaining ecosystem.
It has been barely a year since generative artificial intelligence (Gen AI) entered the mainstream, and since then, it has swiftly and comprehensively captured the imaginations of business leaders and the public like no other emerging technology till date. Companies realise that if they don’t get on board now, they risk getting left behind.
With global private equity investors falling out of love with a misfiring China, and other Asian alternatives coming up short, Japan has become the region’s new PE darling, bolstered by favourable monetary policies and government initiatives, market and regulatory reforms, and its unique socio-economic development. And lawyers are bullish about the country’s PE activity going into 2024.
The ongoing tensions in the Middle East have put international shipping companies on tenterhooks as tit-for-tat missile strikes have turned the Red Sea into a high-risk zone for transit, clog-ging global trade and snarling supply chains.
The year 2024 is shaping up to be one that combines optimism and caution. Geopolitical contagion and economic headwinds continue to cloud companies' planning, while market optimism and bullish prospects on emerging technologies ignite hope for better days ahead. General counsel share with ALB the risks they perceive, and how they plan to hedge against them.
With global businesses and investors growing weary of China's anaemic economic rebound and geopolitical upheaval, Southeast Asia has continued to solidify its standing as a key regional destination for dealmaking. While 2023 didn't match the highs of 2022, either in terms of deal value ($129.8 billion versus $90.6 billion) or volume (1,278 versus 933) – as per research from Mergermarket, White & Case, and ION Analytics) – last year dwarfed 2021 in terms of number of deals, and beat both 2019 and 2020 in terms of total amount.
Ever since generative artificial intelligence (Gen AI) took large parts of the world by storm last year, policymakers and regulators globally have been playing catch-up with the rapidly evolving technology that is poised to reshape existing ways of work and life.
Lisa Sam, who founded and runs her own law firm in Singapore, was recently elected as the first female president of the Law Society of Singapore in two decades. Sam shares with ALB her plans for promoting the organisation and enhancing the profession as well as how to nurture the best talent to serve Singapore's legal industry.
The first working day of 2024 brought news to perk up lawyers, bankers and others dismayed by Hong Kong’s falling IPO fortunes. Mixue Bingcheng and Guming, both among China's top five tea beverage chains in terms of store count, submitted listing prospectuses to the HKEX, with the former expecting to raise between $500 million to $1 billion, and the latter between $300 million to $500 million.