The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
China has unveiled a second phase of reforms that will next year see further relaxation of the tough restrictions on the country’s legal market. However, the new regulations still fall short of granting foreign lawyers the right to practise local law.
The new Closer Economic Partnership Arrangement (CEPA II) between China and Hong Kong, which was announced by the Chinese Ministry of Justice last Friday (27 August) will allow Hong Kong firms to advise on mainland legal matters at the request of a mainland law firm.
The new rules are being pored over by foreign law firms eager to take advantage of the booming Chinese economy.
Deacons’ managing partner Lindsay Esler said that it is too early to say what impact the new rules will have for foreign firms. “It effectively means Hong Kong firms can work together with local firms and will make lawyers think more seriously about launching associations,” he said.
CEPA II is expected to come into force on 1 January 2005.