4 Asian Legal Business | September 2024 $170 bln Deal volume in the private equity secondaries market reported by Kirkland & Ellis between November 2022 to October 2023. It was the top legal advisor, followed by Ropes & Gray ($150 billion) and Morgan, Lewis & Bockius ($98 billion). £1.3 bln Amount of income made by UK law firms in the form of interest on client money in 202223, according to a study by personal finance website Finder. It found that some firms kept the first 250 pounds of interest, while others paid a “miserly” 0.3 percent to clients. 69% Proportion of in-house attorneys in the U.S. who report working on ESG issues in some capacity, according to Bloomberg Law’s most recent State of Practice Survey. However, for U.S. law firm attorneys, the figure is only 44.2 percent. The Briefs QUOTE UNQUOTE “We will close your business transactions here… If you don’t like India, please don’t work in India.” Delhi High Court Justice Navin Chawla warns Wikipedia for not complying with its order to disclose information about individuals who made edits to the page of news agency ANI. Singapore Big Four law firm WongPartnership says it has become the first in Southeast Asia to partner with Harvey, a legal artificial intelligence platform, to implement its generative AI solutions. WongPartnership announced it will test Harvey's generative AI solutions across different business units in a phased approach. The initiative aims to streamline operations and legal processes to improve productivity. The firm’s legal technology team, part of its Knowledge, Innovation & Technology department, will oversee the implementation. "Integrating generative AI technology is a key investment to strengthen our capabilities for our clients and further optimise our practice," said Ng Wai King, chairman and managing partner of WongPartnership, in a statement. Added: Winston Weinberg, CEO and co-founder of Harvey: "We are excited to be working with WongPartnership, a firm that shares our vision for innovation and leadership in the legal field.” Harvey, an AI-powered legal technology startup, recently achieved unicorn status with a valuation exceeding $1 billion after securing $100 million in Series C funding led by Google Ventures. This move reflects a growing trend of law firms and corporate legal departments in Asia embracing AI to enhance efficiency and service delivery. Singapore’s WongP inks deal with AI startup Harvey
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