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.
U.S. law firm McDermott Will & Emery is down to a single partner in Singapore after energy expert Merrick White joined Watson Farley & Williams.
King & Wood Mallesons has bolstered its banking practice in Singapore with the addition of Gary Hamp, who was previously an independent consultant in London. Hamp is KWM’s first Asia partner hire in 2024.
K&L Gates Straits Law, the Singapore office of U.S. law firm K&L Gates, has hired investment funds specialist Jason Nelms as a partner from Morrison Foerster.
Singaporean boutique Tang Thomas has separated from Wee Swee Teow (WST) less than two years after the two firms merged, with partners Cynthia Tang and Raj Joshua Thomas exiting along with three associates.
Singapore Big Four law firm Allen & Gledhill has opened a new office in Shanghai, its first office in the PRC as well as outside the ASEAN region.
Disputes expert Jonathan Choo, who was most recently a partner at Bird & Bird, has left to launch his own practice in Singapore.
Singapore Big Four law firm WongPartnership has made its first lateral partner hire in about a year after welcoming disputes expert Daniel Gaw as a partner from Dechert, where he was a senior associate.