Future gazing

What a busy first week after the summer break. Clyde & Co found itself an ally in Indonesia, while Allen & Overy’s former Asia restructuring head David Kidd has found a new home at Linklaters.

Some are less fortunate, such as K&L Gates’ former Hong Kong partner Navin Kumar Aggarwal, who has been sentenced to 12 years in prison after pleading guilty over a HK$8bn (£665m) fraud and money laundering scheme to cover his gambling debts in Macau.

Also this week, The Lawyer unveiled its crystal ball-gazing issue, which examines how the global legal services market is likely to change over the coming decade.

Here are some predictions from China: within 10 years two large Chinese firms will have combined with foreign firms or become part of a global network; there will be a pre-eminent Chinese online legal services company that is listed on Nasdaq and with a turnover of $500m; and China’s legal industry will be fully opened in the next decade.

For those wanting to get ahead of the competition it is a must-read.

Tony Angel on the future of legal services: more investment, better technology, bigger footprint
Linklaters hires former A&O partner as first Asia restructuring head
Revealed: Clydes plans Asia domination with Jakarta joint venture
Dacheng goes back to Red Square one
Banking – DLA Piper: New banking licences in India: the way forward
Corporate – Hogan Lovells: China turns up the heat in the battle against abuses of personal data
Tax – Hogan Lovells: A 360-degree look at secondment tax issues: China and the US
Energy – DLA Piper: Renewable Energy in the Asia Pacific: A Legal Overview — third edition
Corporate – DLA Piper: Foreign investment in retail trading in India — where we stand today