Dentons Australian Chair Doug Stipanicev Back At Work After Investigation

Another Shearman & Sterling London Partner Quits

Laura Beveridge | March 31, 2023

The partner is the latest in a stream to leave the firm.

2 minute read

King & Wood Mallesons and HSF Play Key Advisory Role on ANZ Bank's $1B Capital Notes Offer

Christopher Niesche | March 31, 2023

Partners Philippa Stone and Fiona Smedley lead the HSF team facilitating ANZ bank's recent $1 billion capital notes issue.

2 minute read

Legal Departments in UK and Canada Anticipate Budget Cuts More Than Any Other Region

Habiba Cullen-Jafar | March 31, 2023

The survey results will make uncomfortable reading for legal advisers already grappling with a tougher stance from clients on fees.

3 minute read

Australia Appoints First Woman to Lead the Federal Court

Christopher Niesche | March 31, 2023

The fifth role-holder is the first woman to take the post since the court was established in 1976.

2 minute read

Australia's Gilbert + Tobin Takes Ashurst Financial Services Partner

Christopher Niesche | March 31, 2023

The hire will focus on regulation.

2 minute read

Event

Latham and Lee & Ko Among Big Winners at Asia Legal Awards

Law.com International Staff | March 31, 2023

HFW, Bae Kim & Lee, Kim & Chang and Rajah & Tann also scooped gongs at the ceremony in Singapore.

5 minute read

Linklaters Elevates 41 to Global Partnership

Laura Beveridge | March 30, 2023

The firm has matched last year's overall figure, and has equalled its 2022 record of number of women elevated to partner.

3 minute read

Thomson Geer Hires Perth Banking Partner from Allens

Christopher Niesche | March 30, 2023

Thomson Geer has been on keen hiring form over the past few months, bringing in lawyers from Eversheds and Clayton Utz, among others.

2 minute read

Freshfields, YKVN Lead as Sumitomo Mitsui Invests $1.5B Into Vietnam's VP Bank

Brian Yap | March 29, 2023

It is the largest overseas investment by SMBC since its $6.7 billion outright purchase of Irish aircraft leasing company Goshwak Management in May last year.

2 minute read

Chinese Investment into Australia Facing More Scrutiny, But Lawyers Undeterred

Christopher Niesche | March 28, 2023

More scrutiny could mean a slowdown in deals. But foreign investment lawyers are convinced that the perception is often worse than the reality.

5 minute read

HSF's Singapore Alliance Firm Launches Disputes Practice With 4 Hires From Morgan Lewis

Brian Yap | March 28, 2023

The quadruple hires boost Singaporean boutique firm Prolegis' lawyer headcount to 14 in the country.

2 minute read

Deal Tables Turned: The Rise of Domestic Law Firms

Jessica Seah | Jack Womack | March 27, 2023

From Asia Pacific to the U.K. and Europe the trend is the same: local firms are rising up the M&A rankings at the expense of larger international firms.

9 minute read

MoFo, Davis Polk and Top Japanese Firms Act On Toshiba's $15B Deal

Brian Yap | March 27, 2023

Morrison Foerster, Davis Polk & Wardwell, Nishimura & Asahi, Nagashima Ohno & Tsunematsu and TMI Associates are advising on the $15.2 billion takeover of Toshiba Corp by a consortium led by private equity firm Japan Industrial Partners.

3 minute read

A&O, Linklaters Act On JERA's $1.7B Acquisition of Belgian Offshore Wind Operator

Brian Yap | March 27, 2023

Allen & Overy and Linklaters are advising on Japanese utility giant JERA's $1.7 billion acquisition of Parkwind, Belgium's largest offshore wind platform, from Virya Energy.

2 minute read

The Law Firms that Missed Out on the UBS-Credit Suisse Deal Tells Us Plenty

Paul Hodkinson | March 26, 2023

The Global Lawyer: Where do the likes of Linklaters, Clifford Chance, Allen & Overy and Slaughter and May now stand in the global pecking order?

5 minute read

Trio of Firms Advise on Superdry IP Sale in Asia

Habiba Cullen-Jafar | March 24, 2023

It is hoped the $50m sale will boost the brand's presence in the Asian market.

2 minute read

Hires Across Asia: Shardul Amarchand, Shin & Kim and Atsumi & Sakai Add to Partner Bench

Brian Yap | March 24, 2023

Shardul Amarchand Mangaldas, Atsumi & Sakai and Dentons Lee have all added new partners to their Asia bench.

4 minute read

International Law Firms In Japan Look to Energy Deals and Other Work to Drive Growth as Outbound M&A Remains Sluggish

Brian Yap | March 23, 2023

The total deal value of outbound transactions by Japanese companies plunged 57% to $11.6 billion last year.

5 minute read

In a Year of 'Precipitous' Change, Cooley's Profits Fell Nearly 17% as Revenue Surpassed $2 Billion

Jessie Yount | March 23, 2023

In London, revenue ticked up 1% to £77.7 million, after nearly 50% growth in the office in 2021. In Asia, the firm continues to have a strong fund formation practice in China and Hong Kong, as well as an increasingly active practice in Singapore, CEO Joe Conroy said.

6 minute read

Mishcon Slashes Promotions With Just 1 Full Equity Partner Added

Jack Womack | March 23, 2023

Last year, the firm promoted seven lawyers to equity partner.

2 minute read

Sullivan & Cromwell, Nishimura & Asahi Advise on Japan's Largest IPO in Four Years

Brian Yap | March 23, 2023

Japan's largest law firm Nishimura & Asahi and Sullivan & Cromwell, together with Simpson Thacher & Bartlett and Anderson Mori & Tomostune, are acting on Rakuten Bank's $881 million initial public offering.

2 minute read

India On Our Minds

Jessica Seah | March 22, 2023

When India announced that foreign law firms will now be able to set up shop in the country, even firms that had long eyed the market were caught off guard, writes Jessica Seah in the Asia Legal Briefing. But now they are trying to figure out their next steps. Who will move in? And what will their India operations look like?

6 minute read

Strength in Disputes, Middle-Market M&A Helped Bryan Cave Leighton Paisner Offset Russia Losses

Dan Roe | March 22, 2023

The global law firm, which brought on a four-partner group from DLA Piper in Frankfurt, said it would continue to look for growth in areas of high demand internationally, including in Dubai and Paris.

4 minute read

Mayer Brown's Profits Dipped but Firm Held Onto Revenue Gains

Andrew Maloney | March 22, 2023

The firm said it wants to continue to build in Asia, where it has a presence in Tokyo, China, Hong Kong and Singapore, pointing out that forecasts show growth in the region this year, while in the U.S. and Europe, forecasts predict flat or minimal gains.

5 minute read

Australian M&A Activity to Slow in 2023, Gilbert + Tobin Says

Christopher Niesche | March 22, 2023

Higher debt costs and wider spread between buyers and sellers to weigh on activity.

2 minute read

Cooley Makes Triple Office Head Appointments

Brian Yap | March 22, 2023

Cooley has made triple managing partner appointments for its Greater China practice, marking the creation of office head positions for its Hong Kong and Beijing operations.

2 minute read

Sidley, With an Eye on the Middle East, Adds Deal Lawyer From White & Case

Andrew Maloney | March 21, 2023

Ali Shaikley, a new Sidley M&A partner in New York, pointed to the growth of private equity in the Middle East and India as helping fuel his practice.

3 minute read

Japanese Law Firms are Rapidly Moving Into Global Markets

Brian Yap | March 20, 2023

The reasoning behind the expansions, and what the firms plan to do with their new offices, varies considerably by region.

6 minute read

Debevoise's Revenue Stays Flat As Profits Take A Hit

Patrick Smith | March 20, 2023

With an 11.8% decline in PEP, Debevoise's growing headcount and its move to a new Manhattan headquarters contributed to some of its increased expenses last year.

3 minute read

Host of Firms Advise on Historic UBS Takeover of Credit Suisse

Jack Womack | March 20, 2023

Swiss firms and US firms, including Davis Polk and Sullivan & Cromwell, appear to have taken to top roles on the 'emergency rescue' over the weekend to create a banking giant with a combined market capitalization of $65 billion.

3 minute read

Dentons Offers Australia Staff Five Days Extra Leave to 'Recharge'

Christopher Niesche | March 20, 2023

Staff can now get five weeks' annual leave as the firm aims to 'prioritise their mental, physical and emotional wellbeing'.

2 minute read

The Case for Launching in India

Paul Hodkinson | March 19, 2023

All international firms should follow Baker McKenzie and HSF in taking the liberalization opportunity in such a major economy seriously—the future of their institution could depend on it, writes the Global Lawyer.

6 minute read

Mori Hamada Hires Japan's Securities Watchdog Chairman as Special Counsel

Brian Yap | March 17, 2023

Big Four Japanese law firm Mori Hamada & Matsumoto has added criminal case and investigation expert, Mitsuhiro Hasegawa, as special counsel.

2 minute read

Baker Botts Expands Digital Infrastructure Team with Hire of Paul Hastings' Asia Head

Brenda Sapino Jeffreys | March 16, 2023

Neil Torpey, who was Paul Hastings' senior partner in Asia and chair of its Hong Kong office, said work in digital infrastructure has grown considerably since the pandemic.

3 minute read

Bracing for Impact: The Liberalization of India's Legal Market is Huge, Which Firms Will be Most Affected?

Jessica Seah | March 16, 2023

India's decision to liberalize is set to mark a new era for the global legal market. But how soon will international firms move in and how will the intrusion of foreign advisors affect domestic firms?

10 minute read

Norton Rose Fulbright Hires Former Financial Crimes Prosecutor for Sydney Office

Christopher Niesche | March 16, 2023

Digital disruption and new technology increase need for specialist advice, firm said.

2 minute read

India Finally Liberalizes its Legal Market, Foreign Firms Set to Move In

Jessica Seah | March 15, 2023

Foreign law firms will be allowed to establish offices on the ground for the first time in one of the world's biggest economies.

5 minute read

Mori Hamada Firms Up Plans for New York Launch

Brian Yap | March 15, 2023

Mori Hamada & Matsumoto has firmed up its plans for its New York launch.

2 minute read

Experienced Employment Partner and Former Prosecutor at Workplace Safety Regulator Joins Ashurst in Sydney

Christopher Niesche | March 14, 2023

Scarlet Reid has specialized in workplace health and safety and employment law for 25 years.

2 minute read

'Scale Can't Be Overstated': DLA Piper Posts 6% Revenue Gain in 2022

Dan Roe | March 14, 2023

The global law firm remained well-hedged against rising interest rates, COVID lockdowns and the war in Ukraine.

5 minute read

Rajah & Tann Adds Arbitration Partner to Singapore Head Office

Jessica Seah | March 14, 2023

The Singapore firm Big Four firm has not made many significant hires in recent years, the latest being in 2021.

2 minute read

Norton Rose Fulbright Picks Up Australian M&A Partner from PwC

Christopher Niesche | March 14, 2023

The new partner believes M&A and private equity activity could begin to rebound later this year.

2 minute read

Dentons to Sign Co-operation Agreement with Philippines Law Firm PJS

Jessica Seah | March 14, 2023

Its latest pact will mark its third in Southeast Asia over the past two years.

2 minute read

What Private Equity Looks For in Law Firm Investments

Christopher Niesche | March 13, 2023

Very few private equity firms have invested in law firms, and despite some activity in Australia, such investments aren't likely to take off, analysts say. The reason is simple: Few law firms are likely to appeal to investors. There are exceptions, however.

5 minute read

Dechert Follows 50% Profit Increase With 14% Drop, Epitomizing Big Law Business Cycle

Amanda O'Brien | Justin Henry | March 13, 2023

"The better your 2021 was, the harder your 2022 was going to be," said CEO Henry Nassau.

7 minute read

Expert Opinion

Due Diligence Strategies Under Hong Kong's New Cryptocurrency Rules

Nicholas Blank | King Chan, Nardello | Co. | March 13, 2023

Under new rules going into effect June 1, 2023, the Hong Kong cryptocurrency market will be opened to retail investors, while cryptocurrency exchanges are required to obtain virtual asset service provider, or VASP, licenses.

5 minute read

How Far Women Have Come — and How Far They Have to Go

Lisa Shuchman | March 13, 2023

While it's nice that we honor women in the legal profession on International Women's Day, we should not lose sight of the fact that the industry still has a long way to go, writes the Global Lawyer. Nor should we forget that in the broader world, women and girls are still struggling for basic rights, that in some countries they now have fewer rights than their mothers and grandmothers had, and that not a single country in the world has yet achieved gender equality.

11 minute read

Webcast

Video: Changing the Script: Global Regulatory Issues Take Center Stage

Anne Bagamery | March 10, 2023

Watch our reporters and editors from around the globe discuss some of the major regulatory developments in Europe, the U.S. and Asia, and how they affect the practice of law around the world.

3 minute read

Do Firms Truly Support Women in Asia or Is It Just Lip Service?

Jessica Seah | March 09, 2023

Fewer than 20% of the regional heads in Asia at the top 50 highest-revenue law firms are women, Jessica Seah writes in The Asia Legal Briefing. So is all this noise and confetti around International Women's Day just lip service? When and how will firms in Asia get it right?

4 minute read

'Pure Greed': Ex-Goldman Sachs Banker Roger Ng Is Sentenced to 10 Years for Malaysia Bribery Scheme

Jane Wester | March 09, 2023

Chief U.S. District Judge Margo Brodie of the Eastern District of New York pronounced the sentence, which was lower than the 15 years requested by prosecutors.

3 minute read

'Quality First, Scale Second': Orrick's Recipe to Revenue, Profits and Partnership Growth in 2022

Jessie Yount | March 09, 2023

The firm, which increased revenue 4.8% to $1.38 billion in 2022, said the quality of its international practices is a huge asset to the firm.

6 minute read

Are Critical Minerals the Next Battleground in Western Sanctions Against Russia?

Gail J. Cohen | March 09, 2023

Even without sanctions, companies and legal advisers have a moral imperative to ensure their money doesn't go to support tyrants, panelists at a global conference said.

5 minute read

Are SPACs Still Worth Fighting for in Asia?

Jessica Seah | March 09, 2023

It will be a while still before SPAC deals pay off, lawyers in Asia say. They won't ever reach the frenzy seen in the U.S. but they will be a useful and viable acquisition tool for certain types of transactions.

7 minute read

Stephenson Harwood Reshuffles Asia Leadership

Jessica Seah | March 09, 2023

Stephenson Harwood has appointed a new Greater China managing partner as well as a new Singapore office head.

3 minute read

Sullivan & Cromwell, Simpson Thacher Act on Japan Post's $9B Share Sale

Brian Yap | March 08, 2023

Sullivan & Cromwell and Simpson Thacher & Bartlett together with two Big Four Japanese law firms are advising Japan Post on its $9 billion sale of shares in its subsidiary, Japan Post Bank.

2 minute read

To Improve DEI Outcomes, Firms Must Address Pitches and Work Allocation, Consultants Say

Justin Henry | March 08, 2023

"We can't just be focused on events and activities, and we can't just be focused on changing hearts and minds," said Alexis Robertson, director of diversity, equity and inclusion at Foley & Lardner. "It has to be more of a systems-focused approach."

6 minute read

Large Japanese Firm Launches in Paris

Brian Yap | March 07, 2023

The new office is the Tokyo-based firm's 11th overseas office.

2 minute read

After Merger Talks End, Shearman Accelerates Transition to New Leader

Andrew Maloney | March 07, 2023

Senior partner David Beveridge said now is the right time to "accelerate the pace of the firm's ongoing transformation" and begin "a new strategic vision."

3 minute read

Deacons Hires PIMCO's Senior Legal Counsel as Partner in Hong Kong

Brian Yap | March 07, 2023

Regulatory lawyer Isabella Wong re-joins Deacons after a one-year stint at the global asset manager.

2 minute read

In 'Steady March Forward,' Haynes and Boone Posts Another Record Year

Brenda Sapino Jeffreys | March 06, 2023

Internationally, the firm said revenue in Mexico and Latin America grew by 21 percent in 2022, and the London office benefited from the energy practice. But Shanghai was flat due to COVID-19-related challenges in China.

5 minute read

Mori Hamada to Break into the U.S. with New York Office Launch

Brian Yap | March 06, 2023

Big Four Japanese law firm Mori Hamada & Matsumoto is set to launch an office in New York, which will mark its first overseas office outside Asia.

2 minute read

Japanese Firm Miura & Partners Set to Launch Three International Offices

Jessica Seah | March 06, 2023

The move comes as the Big Four Japanese firms have launched offices and alliances in Jakarta, Malaysia, and London over the last 12 months.

3 minute read

Quinn Emanuel Launches Beijing Office, Cites Growth in US Investigations on Chinese Companies

Jessica Seah | March 06, 2023

Xiao Liu, the firm's China practice chair and Shanghai co-managing partner, will be relocating to Beijing to lead the firm's new office.

4 minute read

The Big Risks for Shearman, Cravath, Private Equity Lawyers, and Everyone Else

Paul Hodkinson | March 05, 2023

The risk-reward profile for large strategic decisions has never looked quite so daunting as it does now for corporate law firms, writes The Global Lawyer.

6 minute read

DLA Piper Hires Baker McKenzie Thai Partner for Bangkok Practice

Jessica Seah | March 03, 2023

DLA Piper has added a new partner to its corporate practice in Bangkok. Thananan Sangnuan joins from Baker McKenzie, where she was a partner.

2 minute read

Yoon & Yang Adds Three Senior Lawyers, Two From Big Six Rivals

Jessica Seah | March 03, 2023

Yoon & Yang has hired two senior lawyers from its Big Six rivals Kim & Chang and Bae, Kim & Lee. The firm has simultaneously added to its bench the general counsel from Versum Materials.

3 minute read

Shearman and Hogan Lovells Call Off Merger Talks

Patrick Smith | Christine Simmons | March 02, 2023

"After careful consideration, we have mutually agreed that a combination at this time is not in the best interest of either firm," said a joint statement from the firms.

3 minute read

A Decade On, Howse Williams Goes All In on Hong Kong. Here's Why

Jessica Seah | March 02, 2023

The firm is now the second-largest law firm in Hong Kong and has found a way to thrive in a market dominated by massive international firms that are headquartered halfway around the globe.

6 minute read

King & Spalding Cracks $2B Threshold

Dan Packel | March 02, 2023

Outside of the U.S., the firm saw its London revenue drop due to a harsh environment for transactional work and its Asian outposts faced similar challenges for dealmaking. But Paris and elsewhere in Europe saw an uptick in activity, as did the Middle East, the firm said.

5 minute read

Australian Lawyers Doing More Pro Bono Work, Survey Reveals

Christopher Niesche | March 01, 2023

All of Australia's largest firms now have a dedicated pro bono manager.

2 minute read

Greenberg Traurig Follows Up 'Unicorn Year' With Even More Growth in 2022

Alexander Lugo | March 01, 2023

Ten of the firm's 43 offices are outside the U.S., and CEO Brian Duffy said cross-border work is increasing post-pandemic.

5 minute read

Is This the Year the Tide Turns for US Firms in China?

Jessica Seah | March 01, 2023

Market changes may have come just in time for some to reconsider walking away.

4 minute read

'Investing When Conditions Aren't Optimal': Seyfarth Grows Revenue and Partner Ranks

Andrew Maloney | March 01, 2023

Seyfarth's London revenue grew 16%, the firm said. And despite challenges in Asia, the firm is still committed to the region "for the long game," Seyfarth's chair-elect, Lorie Almon, said.

4 minute read

Loyens & Loeff Pulls Out Of Singapore

Jessica Seah | Brian Yap | February 28, 2023

The firm concluded it is no longer essential to maintain a physical office in Singapore but said would fly out on a regular basis to meet with clients.

2 minute read

Norton Rose Fulbright Secures Japanese Law Capability with Partner Hire

Jessica Seah | February 28, 2023

Norton Rose Fulbright has secured Japanese law capability with the hire of a new Japanese-law qualified banking and restructuring partner.

2 minute read

Goodwin Expands Singapore Office With Investments Funds Hire

Jessica Seah | February 28, 2023

Goodwin Procter has made its first lateral partner hire in Singapore since launching in the city-state in October.

2 minute read

Australian Regulator Launches First Greenwashing Court Action

Christopher Niesche | February 28, 2023

The Australian Securities & Investments Commission has filed a claim against investment giant Mercer, alleging its sustainable investment fund did not live up to the promises made to investors.

3 minute read

DLA Piper Australia Re-Hires Energy Partner from Solar Electricity Company Collapse

Christopher Niesche | February 28, 2023

The new partner was previously a special counsel at the firm.

2 minute read

Clifford Chance Hires Away NRF Global Tech Co-Head as Partner in Singapore

Jessica Seah | February 28, 2023

Clifford Chance has hired a new Singapore technology practice partner, Stella Cramer, from Norton Rose Fulbright.

3 minute read

Strong Market Remains for Partners in Australia Despite Slowing Economy

Christopher Niesche | February 27, 2023

But overseas demand for associates has dropped, recruiters say.

4 minute read

K&L Gates Continues Australian Hiring Blitz with Real Estate Partner

Christopher Niesche | February 27, 2023

The firm has been in strong hiring form in Australia in recent months.

2 minute read

McDermott Sees 9% Revenue, PEP Growth, With 'Recession-Resistant' Practices

Patrick Smith | February 24, 2023

The firm saw more than $164 million in revenue from its European offices in 2022 and 33% growth in its London office, said firm chair Ira Coleman, who joked that one reason the London office did so well is that "people pay more for the accents." He also said the firm's international haul was up 12%, besting the firm's overall performance.

6 minute read

A&O and Freshfields Act On $1B Hong Kong IPO

Brian Yap | February 24, 2023

Allen & Overy and Freshfields Bruckhaus Deringer, together with Chinese firms Fangda Partners and Commerce & Finance Law Offices, are advising Chinese lithium battery manufacturer REPT BATTERO Energy Co's $1 billion IPO in Hong Kong.

2 minute read

Australian Firm Slater & Gordon Set For Private Equity Takeover

Christopher Niesche | February 24, 2023

The world's first listed law firm is under offer by private equity investor Allegro.

3 minute read

In a Bid to Win Market Share, Mid-Sized Singapore Firms Orchestrate Mergers

Jessica Seah | February 23, 2023

Singapore firms RHTLaw Asia and JTJB Lawyers have orchestrated separate mergers in the city-state and in Thailand.

3 minute read

Expert Opinion

McKinsey's 10 Principles for Successful Law Firm Mergers

Albert Bollard, Alex D'Amico, Jeff Rudnicki | Igor Yasenovets | February 23, 2023

Partners from the global consultancy take lessons from advising corporations and other professional services firms on mergers, bringing tips for how law firms can have a better strategic approach to growth.

7 minute read

Let's Talk About Law Firms and Their Spin

Jessica Seah | February 23, 2023

Managing law firms has become more complex and firms have to contend with an increasing amount of negative news. Understandably, they want to control the narrative. But the Asia Legal Briefing warns that spin doesn't always work—and sometimes it can backfire.

5 minute read

Asia Partner Moves: Han Kun Takes Tian Yuan's Shanghai Head, Offshore Firms Play Partner Musical Chairs

Jessica Seah | February 23, 2023

Han Kun Law Offices has hired away Tian Yuan Law Firm's Shanghai managing partner while Appleby takes from Harneys.

3 minute read

DLA Piper Hires Former Australian Federal Court Judge as Advisor

Christopher Niesche | February 23, 2023

The ex-judge will advise clients on investigations, class actions and inquiries.

2 minute read

Pinsent Masons Appoints Next Melbourne Office Leader

Christopher Niesche | February 22, 2023

All three of the firm's Australian offices are now led by women.

2 minute read

Hogan Lovells' Net Income Down 13% Due to Fewer Deals, Office Closures, Currency Instability

Justin Henry | February 22, 2023

"We're trying to try to achieve greater profitability, but we're not making that an obsession," said CEO Miguel Zaldivar.

6 minute read

Luthra & Luthra Hires TMT partner from EY India

Brian Yap | February 21, 2023

Luthra & Luthra has expanded its current four-member TMT practice with the hire of EY's India's regulatory advisory director, Vikash Kukreti, as a partner.

2 minute read

It's 'Potentially Ground-Shifting': US Outbound Investment Rules Are About to Change

Christine Schiffner | February 21, 2023

A forthcoming executive order is expected to define new guidelines for investments in countries viewed as strategic competitors. The devil of these new regulatory measures will be in the details.

4 minute read

MinterEllison Pulls Support for Arts Festival Amid Anti-Semitism Row

Christopher Niesche | February 21, 2023

Adelaide Festival's organizers plan to include two writers who have been accused of making anti-semitic comments.

3 minute read

Kirkland, Skadden, A&O and Latham Among Global Firms Acting on Landmark Asian Deals

Brian Yap | February 20, 2023

The past few weeks have seen the coming together of Global 100 law firms advising on a wave of first-of-its-kind deals led by Asia-based corporations.

6 minute read

Hyundai, Kia Latest Automakers to Face Class Actions in Australia

Christopher Niesche | February 20, 2023

There has been a recent rise in the number of class actions being brought against vehicle makers in Australia.

2 minute read

New Listing Rules Formalize Beijing's Power to Stop Foreign Listings by Chinese Companies

Jessica Seah | February 20, 2023

The new listing rules, which give the Chinese securities regulator the ultimate power to oversee and block potential listings of Chinese companies on foreign bourses, may have wider implications, lawyers say.

6 minute read

Herbert Smith Freehills to Shut Seoul Office

Brian Yap | February 20, 2023

Around six members of staff at the office are leaving the firm as a result.

2 minute read

ChatGPT: Just a Bunch of Hot Air?

Rose Walker | Paul Hodkinson | February 19, 2023

Law firms hope ChatGPT will take them to lofty heights, as evidenced by this week's explosion in interest in the topic.

4 minute read

Goodwin Procter's Profits Drop 6% Even As Revenue Rises Double Digits

Patrick Smith | February 17, 2023

Goodwin chair Robert Insolia said the firm's London office brought in more than $144 million and the Paris office is "one of a handful of leading M&A" practices in France. In addition, Goodwin's recently launched offices in Singapore and Munich fit well into Goodwin's global strategy, he said.

6 minute read

Slideshow

Big Law's Top Lateral Hires of 2022

ALM Staff | February 17, 2023

Among the high number of lateral moves in 2022, these generated the most buzz.

1 minute read

Paul Hastings Secures $935M Arbitration Win For Pharmaceutical Client

Jack Womack | February 17, 2023

The dispute centered on royalties from the drug Gilenya, which is used to treat multiple sclerosis.

2 minute read

'This is Not Reactive': Shearman Outlines Growth Strategy, Accepting Some Partner Losses

Patrick Smith | February 17, 2023

Shearman's leaders are seeking scale and a path to $3 billion in revenue, but they say the firm doesn't need a merger to survive.

9 minute read

Paul, Weiss and Simpson Thacher Act on $5B Japanese Debt Issuance

Brian Yap | February 17, 2023

Paul, Weiss, Rifkind, Wharton & Garrison, Simpson Thacher & Bartlett and Nagashima Ohno & Tsunematsu are advising MUFG on a $5 billion debt issuance on the Luxembourg Stock Exchange.

2 minute read

Cyril Amarchand Grows TMT Practice With Partner Hire In Mumbai

Brian Yap | February 16, 2023

Cyril Amarchand Mangaldas has expanded its current two-member TMT practice with the hire of intellectual property and education lawyer Aarushi Jain for its Mumbai office.

2 minute read

From a One-Man Band to Overseeing a Team of 200: CSL Legal Chief's Journey at a Global Company

Christopher Niesche | February 16, 2023

Greg Boss, general counsel at Australia-headquartered CSL, says the role of GC has changed to more of a business adviser. Here, he shares his insights into overseeing a legal team at a global company.

7 minute read

As More Law Firms Leverage ChatGPT, Few Have Internal Policies Regarding Its Use

Isha Marathe | February 16, 2023

For Todd Corham, the chief information officer at Saul Ewing Arnstein & Lehr, such policies are unnecessary, in part, because "we really shouldn't have to write a policy on using good judgment."

4 minute read

Gibson Dunn Continued Record Revenue, Profit Streak in 2022

Dan Roe | February 16, 2023

Firm chair and managing partner Barbara Becker said the firm's success in London has been "extraordinary" and in the Middle East, where the firm launched a new office in Abu Dhabi, it has also seen very positive results.

5 minute read

Even Before ChatGPT, China Was Pushing Its Legal Sector to Adopt AI

Jessica Seah | February 15, 2023

While the generative artificial intelligence platform ChatGPT has created a buzz since its launch just a few months ago, AI is not a new phenomenon. In China, the government has mandated its use in the legal sector.

5 minute read

Despite Liberalization, Malaysia Remains Unpopular With Major Law Firms

Brian Yap | February 15, 2023

Malaysia has seen barely any growth from international law firms since the Southeast Asian country moved to liberalize a decade ago.

6 minute read

Allen & Overy Rolls Out ChatGPT-Style Technology to Help Lawyers With Client Work

Linda A. Thompson | February 15, 2023

The firm says the move to implement the OpenAI platform globally is a 'game-changer' that 'marks a new era for A&O and the legal industry'.

4 minute read

Colombia to Hold Court Hearing in the Metaverse

Amy Guthrie | February 14, 2023

A magistrate in Colombia has authorized a hearing to take place in Meta's Horizon Workrooms, with participants set to wear virtual reality eyeglasses and interact via avatars.

4 minute read

Baker McKenzie's Sydney Finance Practice Loses Partner, Gains A&O Lawyer

Christopher Niesche | February 14, 2023

The Sydney finance team loses an experienced partner but gains a new partner, a former Allen & Overy associate.

2 minute read

Adani's Short Seller Woes Will Have a Deep Impact on Asia's Legal Market

Jessica Seah | February 14, 2023

One of India's largest companies, Adani's market cap tanked following the release of a U.S. short seller report. And its current difficulties will have a wider impact on the legal market.

5 minute read

Hello ChatGPT, Which is the Best Law Firm in the World?

Paul Hodkinson | February 13, 2023

The advanced AI recommends certain firms as well as lawyers from the likes of Wachtell, Sullivan & Cromwell and Gibson Dunn, but its knowledge is questionable, and it seems to have a thing against Kirkland.

8 minute read

Chinese Law Firm Hylands Breaks into US Market

Brian Yap | February 12, 2023

Beijing-based law firm Hylands Law Firm has established an office in San Francisco, marking the Chinese firm's international debut.

3 minute read

White & Case's Only Hong Kong Disputes Partner Exits for A&O

Jessica Seah | February 12, 2023

Allen & Overy has hired White & Case's Greater China disputes practice head.

2 minute read

2023: The Year The Talent War Ends

Paul Hodkinson | February 12, 2023

Sentiment is shifting from hiring talent to cutting it, promoting it and using AI to make it more efficient. Also: a private equity controversy and an earthquake appeal in this week's Global Lawyer Briefing.

6 minute read