1 ASIAN LEGAL BUSINESS – NOVEMBER 2023 WWW.LEGALBUSINESSONLINE.COM COVER STORY 18 ALB Singapore Rising Stars 2023 Asian Legal Business releases its second annual ranking of the emerging legal talent in Singapore. The list includes lawyers who have demonstrated exceptional potential and received praise from their clients. Plus: - CMS FEATURES 14 2024: The offshore view Offshore law firms have had a challenging 2023, with stiffer regulations, increased onshore competition from “Cayman-style” funds and slow M&A recovery holding back growth. Law firm leaders talk about some of their big themes for 2024, including the advent of financial technology and digital asset regulations, the rise in competition from “onshore” centres like Singapore and Hong Kong, and the potential for emerging areas like ESG and AI to grow in importance. 26 Moving to Nusantara In April 2017, the Indonesian government led by Joko Widodo (better known as Jokowi) announced its plan to move the country’s capital from Jakarta to a new city called Nusantara. With the inauguration set to happen in August next year, the government has laid out a plethora of incentives to attract investment to the new capital. There is, however, uncertainty over the country’s political and regulatory landscape, which keeps law firms in Indonesia busy. 30 ALB Fast 30: Asia’s Fastest Growing Firms 2023 Amidst the rapidly changing legal landscape in Asia, a select group of law firms are taking advantage of the region’s economic growth by adopting innovative technologies and strategic approaches to meet the changing demands of their clients in a more interconnected global environment. The ALB Fast 30 list, now in its third year, recognises 30 firms that have significantly contributed to shaping the legal industry’s future in Asia. 32 ALB Asia Top 50 2023 In a constantly evolving and dynamic legal landscape, law firms in Asia are always looking for ways to grow and expand. The annual list of Asia’s Top 50 Largest Law Firms by headcount, highlights the remarkable journey of these firms as they continue to adapt to the challenges and opportunities of the modern legal world. 36 ALB Hong Kong Law Awards 2023 Photos, quotes and more from the 22nd annual ALB Hong Kong Law Awards, held at the JW Marriott on Sept. 15. BRI EFS 3 The Briefing 4 Forum 5 Deals 6 Explainer 10 Appointments 13 Q&A Plus: - CIETAC CONTENTS 32 Moving to Nusantara Image: REUTERS/Edgar Su