As a pandemic year winds to a close, businesses in Asia are hopeful that 2021 will be a year of recovery and possibility. With a vaccine on the horizon and talk of borders reopening, the picture is remarkably brighter than it was just a few months ago.
Archana Kotecha is the Hong Kong-based CEO and founder of The Remedy Project, a social enterprise that develops greater protection for vulnerable workers and identifies exploitation risks. She talks to Asian Legal Business about how the project can support companies’ broader human rights due diligence efforts, and the role lawyers should play.
The recent push to compete with multi-disciplinary firms like the Big Four has resulted in law firms planning their own forays into non-law services, and the pandemic has only accelerated that trend. However, experts feel that firms should consider their strategies carefully.
COVID-19 has impacted the legal industry globally, and offshore law firms have not been immune. However, they have used the past several months to embrace change and transform themselves, and as a result, are well-placed to tap into the potential of the year ahead.
Fintech in Indonesia is rapidly growing, buoyed by a young population, quick Internet adoption, and innovative new businesses. However, lawyers say that policies and regulations need to keep up with this growth, so as to ensure business innovation continues and customers are not left out in the cold.
With a most unique year winding to a close, law firm leaders in Singapore look back on some of the lessons they learnt, and also the ways they put both clients and employees in focus during a difficult time.
Despite a raging pandemic, in the first half of 2020, the Hong Kong IPO market outperformed last year, boasting 64 new listings with funds raised reaching $87.5 billion, according to PwC. Based on KPMG data, at the end of the third quarter, Hong Kong ranks third globally in terms of IPO fundraising and number of listings in the year to date. In part, this upward trajectory is due to the trend of U.S.-listed China-based companies carrying out secondary listings in Hong Kong, and this trend is continuing to gather steam.
Georgia Dawson, Asia managing partner at Freshfields Bruckhaus Deringer, was recently named as the firm’s new senior partner. This made her the first woman to lead the firm in its lengthy history, and also made Freshfields the first Magic Circle firm to appoint a female leader. She tells Asian Legal Business about her plans to transform the storied firm.