2 ASIAN LEGAL BUSINESS – JANUARY-FEBRUARY 2024 WWW.LEGALBUSINESSONLINE.COM Asian Legal Business is available by subscription. Please visit for details. Asian Legal Business has an audited average circulation of 11,402 as of 30 September 2016.Copyright is reserved throughout. No part of this publication can be reproduced in whole or part without the express permission of the editor. Contributions are invited, but copies of work should be kept, as Asian Legal Business can accept no responsibility for loss. MCI (P) 004/02/2024 issn 0219 – 6875 KDN PPS 1867/10/2015(025605) Thomson Reuters Alice @ Mediapolis, 29 Media Circle, #09-05, Singapore 138565 / T (65) 6775 5088 10/F, Cityplaza 3, Taikoo Shing, Hong Kong / T (852) 3762 3269 BRAVE NEW WORLD What a difference 12 months can make. Around this time in 2023, many of us had just started playing around with generative AI, but even as ChatGPT was generating parody songs and fan fiction in a matter of minutes, leaders around the region were contemplating how best to make use of this exciting, if untested, new technology. Fast forward to now, and the generative AI revolution is well and truly underway. Across industries, even in those that are highly regulated, companies have been working with generative AI to see how best its power can be harnessed to improve productivity, lower costs, and – most importantly – unleash innovation. In a sense, AI offers us a respite from the drudgery of low-value work, and instead helps us focus on what matters the most, and what will make the most impact in the long run. In that sense, using our first issue of 2024 to spotlight the power of generative AI in a variety of industries, including legal, was an absolute no-brainer. The cover story hears from leaders at some of the region’s most well-known organisations – including Jardine Matheson, HSBC, Linklaters, and Microsoft – who discuss not only their experiences of using generative AI, but also the benefits it has brought them, and the lessons that they would like to share with their industry peers. I believe companies that are currently in an earlier stage of their AI journey would benefit a lot from hearing from them. And this is only the beginning. Throughout the year, we will continue to make AI an integral part of our editorial coverage, as we know this will be a topic of discussion for some time to come. In August last year, a Thomson Reuters survey of more than 1,200 individuals found that 67 percent of respondents believe AI will have a transformational or high impact on their profession in the next five years. Generative AI has come a long way in a very short time; one can only imagine the profound impact it will have in the years to come. RANAJIT DAM Managing Editor, Asian Legal Business, Thomson Reuters HEAD OF LEGAL MEDIA BUSINESS, ASIA & EMERGING MARKETS Amantha Chia MANAGING EDITOR Ranajit Dam ASIA JOURNALIST Sarah Wong ASIA WRITER Nimitt Dixit RANKINGS AND SPECIAL PROJECTS EDITOR Wang Bingqing COPY & WEB EDITOR Rowena Muniz SENIOR DESIGNER John Agra TRAFFIC/CIRCULATION MANAGER Rozidah Jambari SALES MANAGERS Hiroshi Kaneko Japan (81) 3 4520 1192 Jonathan Yap Indonesia, Singapore (65) 6973 8914 Krupa Dalal India, Middle East, Singapore (91) 22 6189 7087 Romulus Tham Southeast Asia (65) 6973 8248 Steffi Yang South and West China (86) 010 5669 2041 Steven Zhao China Key Accounts (86) 10 6627 1360 Yvonne Cheung China Key Accounts, Hong Kong and Korea (852) 2847 2003 SENIOR EVENTS MANAGER Julian Chiew SENIOR EVENTS MANAGER, AWARDS Tracy Li