Time Is Money
For decades, timesheets have been the bane of junior lawyers, as law firms almost uniformly use them to track productivity. But recent moves are seeking to make them less burdensome – as well as incentivise lawyers to complete them.
Law in the Time of Robots
Even as generative AI sweeps the globe, Indian law firms have been slow to embrace it. Those that have done, though, are encountering lower costs and shorter turnaround times. But as with any new technology, it’s critical that firms move carefully.
OFFSHORE: Safe Harbours
In early 2023, offshore jurisdictions like Jersey, Cayman Islands and British Virgin Islands passed legislation that indicated they were welcoming virtual assets service providers (VASPs). Lawyers share that this will allow VASPs to anchor in the said jurisdictions despite increased regulatory burdens, compliance costs and stringent penalties.
INDIA REPORT: Capital Times on D-Street
It’s been a record-setting year for India’s IPO market, and law firms have reaped the benefits, representing issuing companies and lead managers. And the party isn’t expected to end any time soon: Lawyers believe there is a lot more is to come in 2024 despite the upcoming general elections.
RANKING: ALB Singapore Firms to Watch 2024
Singapore’s dynamic legal landscape is witnessing a surge in boutique firms that have distinguished themselves from the pack. These firms are challenging traditional models by offering specialised expertise, personalised service, and innovative approaches to legal challenges, making them ones to watch in the years to come. Like in previous years, ALB continues to highlight impactful boutique firms that have carved their own niches and made waves in the market. The list is in alphabetical order and some firms have been profiled.
PHILIPPINES: Open Horizons
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.
BRIEFS: Cost, Talent Considerations Loom as PRC Firms Make U.S. Forays
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.
COVER: Innovation Unleashed
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.
RANKINGS: ALB Indonesia Rising Stars 2024
In its annual feature, Asian Legal Business celebrates the next generation of legal talent in Indonesia. These high-performing lawyers are not only delivering impressive results but also winning rave reviews from satisfied clients. The list is in alphabetical order and some lawyers have been profiled.