1 Asian Legal Business | December 2024 COVER STORY 24 State of the market By Sarah Wong & Nimitt Dixit In 2024, Asia’s legal markets remained in flux. One hand, Singapore stood tall as a neutral arbitration hub, Indonesia’s booming economy beckoned global firms, and India’s legal scene sizzled with talent wars and ambitious expansions. And Saudi Arabia led a Middle Eastern renaissance, shaking up the region with bold reforms. At the other end of the region Hong Kong continued to reel from a tidal wave of firm downsizing and exits as its grappled with a profound crisis of confidence. But not all hope is lost, as growing southbound interest from mainland China began to offer a lifeline to Hong Kong’s beleaguered legal market. FEATURES 16 ALB Litigators of Asia 2024 In the dynamic field of law, Asia has seen exceptional litigators who have made a lasting impact. These top-tier professionals are widely recognized for their achievements and dedication to justice. 34 Fool me once Renewed uncertainties brought by Donald Trump’s White House Contents December 2024 BRIEFS 3 Headlines 6 Explainer 7 Appointments 8 Deals comeback have prompted law firms in Asia to prepare for a wave of geopolitical and economic challenges anticipated from a new era of America First. 36 ALB Indonesia Firms to Watch 2024 Driven by a resilient economy and changing regulations, Indonesia’s legal landscape is continuously evolving. This transformation is paving the way to emergence of a new generation of innovative law firms that combine strong local expertise with a global outlook. 40 When capital meets law Third-party litigation funding, introduced to Asia’s legal market in 2017, is gaining momentum in China. This innovative approach allows external parties to finance legal disputes, addressing high litigation costs and improving access to justice. Chinese firms are adapting the concept to meet local needs, particularly in complex crossborder disputes and international arbitrations. 42 ALB Asia Top 15 IP Lawyers 2024 Asian Legal Business continues to spotlight 15 leading IP practitioners across Asia who have excelled in the ever-evolving field of intellectual property. With a proven track record, they have established themselves as trusted advisors to clients, strong competitors among peers, and innovative leaders paving the way for others in the industry. 46 Law Awards coverage Winners, photos, quotes and more from the ALB Middle East Law Awards 2024 and ALB Indonesia Law Awards 2024. 40
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