The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
The Malaysian government has turned down several applications from foreign law firms desirous of opening offices in the country, despite a public commitment to open up the legal sector
The move, which has hit two UK law firms, has been condemned as protectionist by the Law Society of England and Wales. The applications, which are believed to come from shipping and insurance firms, were rejected by the Attorney-General's Cham-bers. Law firms from Australia, the US and Singapore also had their applications turned down. Following a promise to liberalise the legal sector in 1999, firms from the US, the UK and South East Asia considered setting up in Malaysia. However, the state of the South East Asian economy and serious administrative hurdles have deterred many firms from applying for licences. A Law Society spokesperson told The Lawyer: "We were extremely disappointed to learn that a number of foreign law firms, including two English law firms, had been refused licences to open offices in Malaysia. This comes at a time when the Law Society has been actively campaigning for the liberalisation of the legal services market in the Far East." The local Malaysian Bar Council has lobbied heavily to prevent foreign law firms from entering the market. The council is still lobbying for the rules that allow foreign lawyers into the market to be overturned, despite the fact that the government has introduced reforms in response to obligations under the World Trade Organisation's General Agreement on Trade and Tariffs. Although the association is said to be drafting guidelines to allow foreign lawyers in, there is a danger that these could be so tough that they make it even harder for foreign firms to enter the market. The Law Society is also fighting for the Japanese legal services market to be opened up. A spokesperson said: "By closing its doors to foreign lawyers, Malaysia risks isolating and marginalising their own lawyers, as commercial business flows to international firms based in truly international centres. "Malaysia need only look across its borders to Singapore to see how an open legal market benefits both the economy and the local legal profession."