Asian-Mena-Counsel-Firms-Of-The-Year
Total Page：16
File Type：pdf, Size：1020Kb
An ASIAN-MENA COUNSEL survey for the OF IN-HOUSE LEGAL & COMPLIANCE PROFESSIONALS Introduction and regional trends ..... 22 China ............................................... 23 Hong Kong ...................................... 25 India ................................................. 26 Indonesia ......................................... 27 Japan ................................................ 29 Malaysia ........................................... 30 Myanmar .......................................... 32 Philippines ........................................ 33 Singapore ......................................... 36 South Korea ..................................... 38 Thailand ........................................... 39 UAE ................................................. 41 Vietnam ........................................... 42 In-House Testimonials ..................... 44 Top multiple category winners by jurisdiction .................................. 45 Volume 16 Issue 2, 2018 21 REPRESENTING CORPORATE ASIA & MIDDLE EAST Representing Corporate Asia & the Middle East We are pleased to present Asian-mena Counsel’s 12th annual Representing Corporate Asia and the Middle East Survey. SURVEY METHODOLOGY ABOUT THE SURVEY impression on them during the past year. responsive to their clients’ needs beyond This year a record 2,376 in-house lawyers Participants were asked, among other the norm. and buyers of legal services in 13 things, for their comments on the quality The In-House Community Firms of the jurisdictions told us which firms had and value of service they received from Year is not a ranking of firms, and a law served them best across a range of external counsel in their jurisdiction and, firm’s absence is no criticism of its practice areas and which have been the where applicable, in other jurisdictions, capabilities — but it is to the great credit most responsive to their needs. as well as which firms they prefer to use of the firms mentioned herein that their More than 20,000 pre-qualified for various activities. clients have voluntarily nominated them in-house counsel and buyers of legal In-house counsel were able to for recognition. services were invited to participate in the nominate any firm of their acquaintance Where applicable, both domestic and survey directly while attending one of our — the survey does not lead their choices international firms will be recognised as annual In-House Community Congress and in any way whatsoever and hence is ‘Winners’, and where results are too Symposium events across the region unique among legal polls in the region — close to call, joint category winners will (some 2,500 in-house counsel attend at with votes aggregated to select the be announced. In addition to the winning least one of the 18 In-House Community winning firms in each category. As such, firms, ‘Honourable Mentions’ will be events each year) or through a controlled the results do not indicate which law awarded to law firms that have also online process. firms have been the most active in any received notable in-house recognition. The survey was carried out in two given area, but rather those private Congratulations to all those who have parts. The first contained questions practice teams whose service has been of played a part in the teams honoured (multiple choice where appropriate) that notable quality and which have been herein. gathered the views of the in-house communities of each jurisdiction with regard to their roles, pressures and Profile of participants concerns. Thoughts from China, Hong The respondents to the survey were mostly in-house, legal counsel/heads of legal Kong, India, Indonesia, Japan, Malaysia, (90% percent), while 3 percent were company directors and 7 percent were Myanmar, the Philippines, Singapore, compliance managers. In terms of industries, 18 percent of respondents work in South Korea, Thailand, the UAE and financial services, followed by manufacturing and TMT (technology, media, Vietnam have been collected and collated telecoms). While this once again represents a slightly smaller proportion of in order to find the trends in each region. financial services respondents than last year, the overall spread of industries is broadly similar to last year. Firms of the year The average size of legal teams is 12 people — slightly down from last year — The second part provided in-house with 65 percent saying that they include ethics and/or compliance in the legal counsel with an opportunity to recognise department. the law firms that have made a significant 22 www.inhousecommunity.com ASIAN-MENA COUNSEL – In-House Community Survey 2018 JURISDICTION BY JURISDICTION And now for a look at how things stand at a jurisdictional level. CHINA Overview consolidation and changes in the SURVEY RESPONDENTS: More than a third of legal departments industry, and new legal issues have Avg team size: 11 in China say that they expect to grow emerged,” said one. Dominant industry: Manufacturing in size during the coming 12 months, Even so, teams are already bigger Ethics/compliance within legal team: 65% according to surveys conducted at than in many other jurisdictions, Multinational/Local: 87%/13% our three Chinese events — in Beijing, with roughly 15 percent of Shanghai and Shenzhen. And while respondents saying that they work in In the coming twelve months, do you growth in some other jurisdictions is teams of 20 people or more. However, think your in-house legal team will: due to additional compliance or some in-house lawyers report that regulatory pressures, the consensus management see the legal team as 5% among Chinese counsel is that growth an internal law firm that should in the legal team is being driven by handle all legal work, rather than the needs of the underlying business. making more efficient use of external It is not all good news, as the law firms and legal service providers. 35% growing trade tensions with the US Close to two-thirds of respondents are undoubtedly affecting the say that the majority of their work is willingness of businesses to invest handled in-house. 60% given the uncertainty. This effect is One respondent described their not fully captured in our survey due biggest challenge as “lack of to the timing of the events, but some knowledge about the legal respondents alluded to the Trump department’s role among Grow Shrink tariffs. “Changes in the external stakeholders and colleagues on the Remain the same szie economic environment have led to business side”. Volume 16 Issue 2, 2018 23 REPRESENTING CORPORATE ASIA & MIDDLE EAST CHINA International Arbitration Taxation AS VOTED FOR BY IN-HOUSE COUNSEL • Latham & Watkins • KPMG • Fangda Partners • Deloitte Winners in bold, honourable mentions in italics • Jincheng Tongda & Neal • King & Wood Mallesons • EY Litigation and Dispute Alternative Investment Funds Compliance/ Regulatory Resolution Telecommunications, (including private equity) • King & Wood Mallesons • Deheng Media & Technology • JunHe • Hogan Lovells • King & Wood Mallesons • Jingtian & Gongcheng • Cleary Gottlieb • Norton Rose Fulbright • Zhong Lun • JunHe • Clyde & Co • Fangda Partners • Taylor Wessing • King & Wood Mallesons Corporate and M&A • Hui Ye • Ropes & Gray • Clifford Chance • JunHe • King & Wood Mallesons • Oldham, Li & Nie Anti-Trust/ Competition • JunHe • Taylor Wessing MOST RESPONSIVE • AnJie • Simmons & Simmons FIRMS OF THE YEAR, • JunHe Maritime & Shipping CHINA • Zhong Lun Employment • Ince & Co • King & Wood Mallesons • Dentons INTERNATIONAL Aviation • AnJie • Reed Smith • Grandall • Dentons Baker McKenzie • JunHe King & Wood Mallesons Projects and Project Financing Clifford Chance Banking and Finance • Zhong Lun • King & Wood Mallesons • Clifford Chance Clyde & Co DLA Piper • King & Wood Mallesons Environmental Real Estate/ Construction • Clyde & Co • CMS Freshfields Bruckhaus Deringer • Fangda Partners Herbert Smith Freehills • Debevoise & Plimpton • King & Wood Mallesons Insurance • Li & Partners DOMESTIC Capital Markets • Jincheng Tongda & Neal • Zhong Lun • Fangda Partners Fangda Partners JunHe • King & Wood Mallesons Intellectual Property Restructuring & Insolvency • JunHe • King & Wood Mallesons Tian Yuan Law Office • JunZeJun Law Offices Zhong Lun • Sidley Austin • Osha Liang • Zhong Lun Truly Trusted Globally Connected www.bahar.co.id Menara Prima 18th Floor, Jl. DR. Ide Anak Agung Gde Agung Blok 6.2, Kawasan Mega Kuningan, Jakarta Selatan 12950, Indonesia Tel: (+62 21) 5794 7880 Fax: (+62 21) 5794 7881 24 www.inhousecommunity.com ASIAN-MENA COUNSEL – In-House Community Survey 2018 HONG KONG Overview and more than 30 percent work within the SURVEY RESPONDENTS: After several years of constrained operating financial services sector, which is particularly Avg team size: 14 conditions for legal departments in Hong Kong, sensitive to the effects of the trade war, but Dominant industry: Financial services our survey reflected a slightly more positive has also been affected during the year by the Ethics/compliance within legal team: 51% Multinational/Local: 79%/21% mood this year. Almost a quarter of respondents strength of the US dollar and the flow of some said that they expected to increase the size of investment back into the US. Real estate and Of the work we outsource: their legal team during the coming 12 months, tech comprised the next biggest sectors 2.1% with some responses that could even be represented in our survey. described as optimistic. “Future prospects are As a mature legal market, many in-house positive,” said one.