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Asia's Best Law Firms to Work

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Asia's Best Law Firms to Work MCI (P) 029/02/2019 ISSN 0219 – 6875 KDN PPS 1867/10/2015(025605) ASIA’S BEST LAW FIRMS TO WORK FOR LAW FIRMS BATTLE HONG KONG’S SHOWCASING INDIA’S HONG KONG’S THE SCOURGE OF LEADING BEST UPCOMING ROLE IN THE CYBER ATTACKS IN-HOUSE TEAMS LAW FIRMS GREATER BAY AREA EY Law Passion for excellence across the globe Combining global reach with local knowledge Americas >> Europe, Middle East, India and Africa >> Asia-Pacific >> EY Law has a team Argentina Albania Croatia Iceland Romania Australia of more than Brazil Algeria Cyprus India Russia Mainland China Canada Armenia Czech Republic Italy Senegal Hong Kong Chile Austria Denmark Ivory Coast Serbia New Zealand 2,200+ Colombia Azerbaijan DR Congo Kazakhstan Slovakia Singapore lawyers providing Costa Rica Belarus Equatorial Guinea Latvia Slovenia South Korea legal services in Dominican Republic Belgium Estonia Lithuania Spain Taiwan Ecuador Benin Finland Luxembourg Sweden Vietnam El Salvador Bosnia and France Macedonia Switzerland 83 Guatemala Herzegovina Gabon Mali Turkey Japan >> jurisdictions in Honduras Bulgaria Georgia Netherlands UAE Japan a wide range of Mexico Burkina Faso Germany Niger UK practice areas. Nicaragua Cameroon Greece Norway Ukraine Panama Central African R. Guinea Conakry Poland Learn more at Peru Chad Hungary Portugal ey.com/law Venezuela Congo-Brazzaville 210x280mm_01Apr19.indd 1 4/1/2019 11:41:26 AM CONTENTS 30 Starring role A general view of the Hong Kong-Zhuhai-Macau bridge after its opening ceremony in Zhuhai, China October 23, 2018. REUTERS/Aly Song River Delta. With cowed, and instead services delivered. COVER STORY FEATURES its developed find innovative ways This inaugural list legal system, to not just survive, features 10 of the 20 18 strong presence of but also thrive. The best. Employer of Choice Safe and sound practitioners and ALB Hong Kong Top The ALB Employer Cyberthreats, impartial disputes In-house Teams 2019 of Choice Rankings including phishing, bodies, Hong Kong list celebrates the BRIEFS were compiled hacked email is set to become the city’s crème de la talking into account accounts, leaks of legal hub for the crème. 3 responses from sensitive data and GBA. The Briefing more than 2,500 ransomware are a 36 private practice liability for every 32 India’s firms to 4 lawyers across business with a Hong Kong’s top watch Forum Asia, ranging from digital presence. How in-house teams As companies look to managing partners can firms effectively In-house teams’ roles cope with a sluggish 6 to paralegals, as protect themselves today are becoming economy, one of Deals well as our own against such attacks? increasingly complex the ways they are market knowledge. According to the – caused by shrinking cutting legal costs is 8 Law firms have been experts, preparation resources, regulatory by moving away from Appointments ranked on the basis is key. complications and bigger firms and of job satisfaction, growing demands turning instead to 14 remuneration, 30 from the business smaller, outfits. India Q&A work-life balance, Starring role – and for those in has seen the rise of career prospects, In February, China Hong Kong, there some quality smaller 16 mentorship, job released its plan to is no exception. outfits that are League Tables security and other develop a “Greater However, in spite of punching well above aspects. Bay Area” (GBA) these challenges, their weight in terms By Asian Legal Business around the Pearl the best ones are not of work handled and WWW.LEGALBUSINESSONLINE.COM ASIAN LEGAL BUSINESS – APRIL 2019 1 It’s tough being a junior lawyer in private practice today. The twin forces of technology and heightened competi- HEAD OF LEGAL MEDIA BUSINESS, tion have ensured that many law firms, chasing short- ASIA & EMERGING MARKETS term profits, are less inclined to invest in their associates; Amantha Chia indeed, a new breed of firm is emerging now that does [email protected] away with junior lawyers altogether. For the associates themselves, thus, getting a start at a prestigious law firm MANAGING EDITOR is becoming difficult, but once they’re in, difficult hours, Ranajit Dam [email protected] a lack of meaningful work and little to no development of skills ensures that they are looking at alternatives JOURNALIST like in-house roles or flexible work – that is, if they stay Elizabeth Beattie on in the legal profession at all. From [email protected] a law firm’s perspective, skimping on EDITORIAL ASSISTANT the development of younger lawyers is Aparna Sai a myopic strategy. A law firm is different [email protected] from a company in the sense that rela- tionships matter that much more; if a COPY & WEB EDITOR partner exits, retires or is for some other Rowena Muniz reason unable to continue practice, the [email protected] relationship with the client in many SENIOR DESIGNER cases dies out. It is just as important to John Agra build both bench strength and prepare [email protected] for succession, and developing a core of strong, committed, accomplished TRAFFIC / CIRCULATION MANAGER associates will help you do that. And Rozidah Jambari this is where the key question comes in [email protected] – how can you ensure that people stay? SALES MANAGERS Well, the answer starts at the top. Law Amy Sim firm leaders need to first recognise the Senior Sales Manager importance of engagement. Enthusiasm (65) 6870 3348 skyrockets when they create a positive [email protected] environment, promote helpfulness, Henry Cheng RANAJIT DAM value their staff and provide the resources necessary Sales Manager [email protected] Managing Editor, for success. But more importantly, create a culture Asian Legal Business that fosters empowerment and accountability which Krupa Dalal Thomson Reuters motivates people to find their own solutions and make Sales Manager (91) 22 6189 7087 a difference. This gives your lawyers a greater sense of [email protected] ownership — one of the greatest professional motiva- Jeremy Lim tors. These will ensure they stay happy and committed Sales Executive to your firm for many years to come. (65) 6870 3789 [email protected] Sardor Yangibayev Senior Sales Executive (65) 6870 3190 [email protected] SENIOR EVENTS MANAGER Julian Chiew [email protected] Asian Legal Business is available by subscription. Please visit www.legalbusinessonline.com 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 SENIOR AWARDS AND 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 OPERATIONS MANAGER can accept no responsibility for loss. MCI (P) 029/02/2019 Tracy Li ISSN 0219 – 6875 [email protected] KDN PPS 1867/10/2015(025605) Thomson Reuters 18 Science Park Drive Singapore 118229 / T (65) 6775 5088 / F (65) 6333 0900 10/F, Cityplaza 3, Taikoo Shing, Hong Kong / T (852) 3762 3269 www.thomsonreuters.com 2 ASIAN LEGAL BUSINESS – APRIL 2019 WWW.LEGALBUSINESSONLINE.COM THEBRIEFS BRIEFING: YOUR MONTHLY NEED-TO-KNOW “PEOPLE OFTEN SAY REPORT FINDS IN THE NEWS ‘IT’S A DARK DAY FOR CHINESE LAW FIRMS THE RULE OF LAW,’ BUT… WHAT IS THE EMBRACING ACTUAL IMPACT OF Morgan Lewis & Bockius has launched a global employee- EVENTS? WE WANT wellbeing programme for its TO EXPLAIN HOW INNOVATION more than 2,200 lawyers. Called DIFFERENT THINGS According to newly released report ML Well, the programme will help - The State of the Legal Market in staff design lives of meaning and ARE TIED TO THE China 2019 – from Thomson Reuters fulfilment through regular learning RULE OF LAW, AND Legal Executive Institute and research opportunities, and focus on their overall health. HELP THE PUBLIC firm Acritas, the Chinese market is changing much more rapidly than BETTER UNDERSTAND Western markets. Because of the THE CONCEPT.” Chinese legal market’s relative youth, the report shows that it is in The Progressive Lawyers Group (PLG) in fact less hindered by the traditional Hong Kong prepare to release a report legal industry intransigence that on the city’s rule of law, which will 307 has slowed large-scale change in include a record of major events paired Net increase in partners of UK law firms with the group’s own legal analysis the legal markets in much of the in fiscal year 2017-18, according to and recommendations. West, especially in the United States. Indeed, Chinese law firms are shown chartered-accountants firm Hazlewoods, with 4,594 partners being appointed and to be more likely to try different 4,287 stepping down. This was up from methods and strategies and adapt the just 17 in 2016-17, shortly after Brexit DWF LISTING THE LARGEST legal technologies needed to make was announced. AMONG UK LAW FIRMS alternative approaches possible. For example, among Chinese law firms, Manchester-headquartered DWF alternative fee arrangements are used IN THE NEWS recently raised 95 million pounds in 55 percent of legal matters. In the ($125 million) from its debut on U.S., it’s 17 percent. the London Stock Exchange (LSE), becoming the largest listing of a law firm in the UK and the first-ever listing of a law firm on the main LSE Litigation funder Burford Capital market. All other listed law firms had a record year in 2018, with a in the UK are traded on the AIM 23 percent increase in operating sub-market. The offer values DWF Amount of antitrust fine levied by the profit to $354 million, and a Group, the holding company for EU Commission on Google, the company’s 24 percent increase in net profit DWF, at about 366 million pounds.
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