The second edition of ALB’s annual list again showcases smaller firms that are able to compete with larger peers through quality work and savvy strategies. The list below is in alphabetical order. By Ranajit Dam

U.K. law firm Osborne Clarke, which launched in Hong Kong last year with the hire of Bird & Bird partners John Koh and Marcus Vass, has now set up an alliance firm there called Koh Vass & Co