Big Four Singapore firm Drew & Napier has undergone something of a metamorphosis over the past year, with lateral hires, the setting up of a regional network, and a greater emphasis on technology. CEO Cavinder Bull SC talks to Asian Legal Business about the changes, and shares plans for what’s ahead.
What will the future of work look like? Indeed, what will the office of the future look like, particularly in the aftermath of the pandemic? These are questions that law firms, among other businesses, will likely be grappling with over the coming months and years. And with COVID leaving workplaces empty for prolonged periods, firms using this time to relook at their needs and options when it comes to workspaces.
The pandemic has so far had a broadly negative impact on businesses across the region, but surprisingly, the period has also seen a number of law firms open in various Asian markets. Their founders say they are using this period of upheaval as a time to start afresh, establishing new operations with energy and determination to do things differently.
With redundancies, pay cuts and the odd ﬁrm closing shop in Asia, lawyers in private practice face prolonged uncertainty. But while many ﬁrms are playing it safe and avoiding any additional costs, there are still a few that are hiring, and doing so strategically.
Hong Kong legal industry veteran Kevin Bowers has recently established a new ﬁrm called bowers.law. The ﬁrm, which takes a non-traditional approach to billing, may be something of a game-changer for the legal market, where ﬁrms typically remain coy about the billing process. Here, Bowers tells ALB why he thinks it’s time for a shakeup.
The COVID-19 outbreak has had a devastating economic impact across the region, with businesses shuttered and markets crashing. To mitigate the impact locally, Singapore has responded by introducing a new bill that aims to ease economic pressures on businesses and individuals. The COVID-19 (Temporary Measures) Act, was passed in parliament in April, and is now fully in effect.