The Lawyer’s newest product is the most comprehensive overview of the Asia-Pacific legal market yet produced. With rankings of the top 100 local law firms by lawyer headcount as well as analysis of the leading 50 international players in the region, it is essential reading for anyone interested in the strategic future of the world’s fastest growing legal market
Accountants are being warned to diversify to meet the growing competitive threat from lawyers and other professionals. A report by the Institute of Chartered Accountants 2005 working party predicts that audit work income will continue to fall with new technology and that the big six firms could become a "big five" or even a "big four" because of competitive pressure. But it identifies insolvency work as an area where lawyers will make few in-roads, and internal audit and new types of multi-disciplinary audit as providing new employment opportunities. Specialists in tax planning and corporate finance will be in particular demand, it predicts. According to the report: "Competition for corporate finance work will also come from high-quality MBA graduates and the major law firms. American experience suggests that lawyers could become a significant competitive force."