ENERGY: Renewable Roadblocks
Law firms interviewed: A&O Shearman; Reed Smith
In recent years, the combination of trade conflicts, the pandemic, and regional tensions have resulted in increased volatility for businesses in the energy, transportation, and commodities sectors. In Southeast Asia, where the transition to green energy is one of the…
MIDDLE EAST: Eastern Promise
China's economic ties with the Middle East have been rapidly expanding, with bilateral trade reaching approximately $500 billion in both 2022 and 2023.
MIDDLE EAST: ‘Law firms offer very little innovation’
Mohammed Jamil is the group general counsel of Saudi Arabian lubricant maker Petromin Corporation. Jamil has over 20 years of in-house experience working as an attorney across multiple jurisdictions. In the Middle East, he has worked in the legal teams of Yusuf Bin Ahmed Kanoo, Saudi Basic Industries Corporation (SABIC), Kuwait Finance House, and TRW.
RANKINGS: ALB Asia Top 15 GCs 2024
In the fast-paced world of Asian business, general counsel are emerging as key players in shaping corporate strategy. Gone are the days when these legal experts were confined to the sidelines of compliance and risk management. Today, they're at the forefront of innovation, building trust, and driving their organisations forward.
GC Profile: Alex Au, Director – General Counsel (Corporate & Investment), Link Asset Management Limited
In the fast-paced world of Asian business, general counsels are playing an increasingly important role in shaping corporate strategy. These legal experts are now at the forefront of innovation, building trust, and driving their organizations forward. ALB recognises Alex Au, Director and General Counsel (Corporate & Investment) at Link Asset Management Limited, as one of ALB Asia's top general counsels for 2024.
THAILAND: Going Electric
Thailand has established itself as the most dynamic automotive market in Southeast Asia, particularly during a period of industrial transformation in the region. In response to cost and regulatory factors, manufacturers and automakers from China are realigning their supply chains, resulting in increased competition within the Thai market. And while the surge in Chinese electric vehicles in Thailand is creating new opportunities for legal services, lawyers need to adapt quickly to grab their share of the work.
LEGAL NETWORKS: Network-Powered AI
Proactive legal networks are playing a unique role in the proliferation of the latest in artificial intelligence within the legal industry.
‘A new cultural energy has emerged’
Ian Mann took over as Asia managing partner of offshore law firm Harneys just about a year ago. In an interview with ALB, he reflects on the past 12 months, and outlines his plans for the firm.
Spreading the Word
According to the Thomson Reuters Legal Executive Institute’s 2019 “Dynamic Law Firms” study, law firms leading the market in improving their financial performance tend to spend significantly more on marketing and business development than their peers. Firms today are realising that they can’t get by on reputation alone; sometimes a marketing push is necessary.
Impending Cuts to Legal Spending Offers Law Firms the Chance to Become More Efficient
More than four out of five companies globally are set to reduce their legal spend in the next two years, a report by Big Four professional services firm EY has found. Titled “Reimagining the Legal Function,” the report also found that 42 percent planned to cut costs by more than 10 percent.