1 Asian Legal Business | November 2024 COVER STORY 16 Asia Top 50 Largest Law Firms 2024 Text and rankings by Asian Legal Business In an era of global uncertainty, the legal industry in Asia is experiencing significant shifts, with the size and scale of law firms becoming crucial factors in their ability to serve clients effectively. FEATURES 12 Offshore outlook: 2025 In the coming year, offshore centres will have to balance privacy and transparency as they adapt to new financial trends, lawyers say. 14 Fast 30: Asia’s Fastest Growing Firms 2024 The ALB Fast 30 list recognises innovative Asian law firms adapting to legal and economic changes, highlighting their contributions to the region’s evolving legal industry. 22 Private credit surge Private credit is rapidly emerging as a viable alternative to traditional banking in Asia, adapting to Contents November 2024 BRIEFS 3 Headlines 5 Forum 6 Deals 8 Explainer 9 Appointments regulatory challenges and meeting the demand for flexible financing. 24 Hong Kong Rising Stars 2024 Hong Kong’s next generation of standout lawyers who continue to demonstrate exceptional potential in the industry while earning strong praise from their clients. 28 March of the mid-sized Mid-tier and regional mainland Chinese law firms are expanding into Hong Kong, driven by cross-border demand and Beijing’s global push. 30 ESG revolution The Middle East is rapidly embracing ESG integration in business and finance, driven by COP28, with executives adopting sustainability strategies while facing standardisation and talent challenges. 32 Banking on change Indonesia’s fintech revolution is transforming banking, with startups and traditional lenders driving innovation while navigating regulatory hurdles and global expansion.. 34 ALB Hong Kong Law Awards 2024 Mid-tier and regional mainland Chinese law firms are expanding into Hong Kong, driven by cross-border demand and Beijing’s global push. 28
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