Alibaba's Beijing headquarters. Credit: Shutterstock.com How Will 6 New Alibaba GCs Shake Up the Legal Landscape in Asia?
The official business split and new management appointments will mean that longstanding relationships with specific law firms will become more fragmented, presenting new opportunities for firms that don't already have institutional relationships with the holding company.
April 16, 2023 at 05:00 PM
6 minute read
The six new general counsel who will oversee the six separate companies resulting from the breakup of Alibaba announced last month are expected to create a shake-up in the legal market in Asia, lawyers say.
With the introduction of a new set of general counsel and management leaders, existing favors will thin out and the playing field will somewhat equalize. And Alibaba's move will put incumbent legal advisers and their relationships with the conglomerate's key legal leaders to the test.
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