|
With another pandemic-impacted year drawing to a close, and lawyers globally reconsidering their career plans, firm leaders know that they must make burnout and employee support an urgent priority.
|
The year 2021 was undoubtedly tough for law firms, but with vaccinations on the rise and border restrictions loosening, there is hope on the horizon. As firms attempt a return to normalcy, they find the needle has shifted when it comes to the expectations of lawyers. As a result, firms are increasingly looking inward, carefully considering their needs, and how to ensure they can retain the talent they seek.
|
In this inaugural ranking, ALB honours leading women lawyers in Asia who have continuously made their mark in the market despite the disruptions by the COVID-19 pandemic. This list highlights 15 women who have consistently delivered high-quality work and set high standards in their respective legal space, while earning accolades from their colleagues, superiors and clients.
|
Mediation had already been growing in prominence as a dispute resolution method in the past years, but the COVID-19 pandemic has placed it firmly in the spotlight. And with the Singapore Convention on Mediation having been adopted two years ago, the city-state is now clearly at the forefront when it comes to mediation regionally, if not globally. 
|
In September, the Singapore Exchange (SGX) announced it would allow the listing of special purpose acquisition companies (SPACs), as the city-state looks to attract more IPO listings. SGX, which has introduced a new framework, is hopeful the changes will create new opportunities.
|
The world is seeing an IPO frenzy at the moment, and India is no exception. According to Bloomberg, companies globally have raised a record $476 billion as of the third week of September, and India’ share is $10.2 billion. At least 64 Indian businesses have hit the equity capital markets in 2021, taking the S&P BSE Sensex to a record, Bloomberg added.
|
Singapore’s already competitive legal market has seen multiple new entrants this year, including India’s Cyril Amarchand Mangaldas and Khaitan & Co, China’s Allbright, Korea’s Bae Kim & Lee, and the U.S. firms Orrick, Herrington & Sutcliffe and McDermott Will & Emery. While the city-state’s pandemic resilience has certainly been a draw, the firm’s see it as a hub for the fast-emerging Southeast Asian region.
|
This year, Ashurst joined the cohort of law firms establishing consulting businesses, citing client demand for legal-led consultancy services. Jamie Ng, global head of Ashurst Consulting, says the operation has already experienced rapid growth as it looks to reimagine the business of law.
|
Chicago-headquartered McDermott Will & Emery has hired veteran U.S. securities lawyer Siddhartha Sivaramakrishnan as a partner in its recently opened office in Singapore from Herbert Smith Freehills.
|
As the government commences a regulatory overhaul of Macau, the world’s biggest gambling hub, lawyers and businesses are reading the tea leaves and gearing up for change.