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.
Public sector procurement is a hugely important source of income for many businesses – particularly in China. In 2012, government procurement across China was worth RMB1.4trn (£142bn), accounting for 11 per cent of China’s fiscal expenditure. But until recently, law firms were not a major beneficiary of China’s public spending.
Last week’s news about the country’s Ministry of Commerce launching its first formal panel shows some signs of changes. Through a competitive public bidding process, the government body has appointed 20 international firms and 18 Chinese firms to the panel, which consists of two sub-lists – international investment, and World Trade Organisation (WTO) and regional trade agreement dispute resolution.
It is thought that the ministry, on behalf of many Chinese enterprises, spends tens of millions of US dollars each year on trade-related disputes in foreign jurisdictions, such as the US and EU. So a place on the new panel could prove lucrative for those 38 firms.
It is also a welcome development for the wider industry, blazing a trail for other government agencies to follow suit.