Gross revenue for The Global 100 grew by 2.8 percent in 2016, to $99.3 billion, just shy of 2015’s increase of 3.1 percent. This year 81 of the world’s top-grossing firms have more lawyers in the United States than elsewhere, while 12 have the greatest proportion of their lawyers in the United Kingdom. […]
In the first blockbuster FCPA action of the Trump administration, on September 21, 2017, Swedish telecommunications company Telia agreed to pay $965 million in total penalties to the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) to resolve allegations that the company and its subsidiary made illegal payments to an Uzbek government […]
PricewaterhouseCoopers (PwC) is set to launch a law firm in the U.S., a clear sign that the concerted push into legal services by the Big Four accounting firms continues. The firm, called ILC legal, will begin operating later this month with an office in Washington, D.C.. It will not offer U.S. law advice, but instead […]
Following the consultation paper issued by the Third Party Funding for Arbitration Sub-Committee of Hong Kong’s Law Reform Commission (LRC) in October 2015 and recommendations made by the LRC in its report dated 12 October 2016, the Legislative Council of Hong Kong passed the Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Bill 2016 on […]
A new study has warned that law firms should prepare for a “significant increase in competition” as the Big Four accounting firms continue their push into legal services.
Davinder Singh SC has become the new executive chairman of Singapore Big Four law firm Drew & Napier, bringing to an end a two-decade stint as the firm’s CEO. That role is being assumed by Cavinder Bull SC, co-head of Drew’s competition law and regulatory practice. “Singh and Bull will lead the firm together with […]
Mayer Brown JSM, formed a decade ago after the Am Law 100 firm absorbed Hong Kong’s Johnson Stokes & Master, has added three new partners in Asia. Shipping industry partner Conor Warde joined the firm’s Hong Kong office this week, while finance partners Ben Sandstad and Angelia Chia arrived in Singapore from Standard Chartered Bank Ltd. Warde, […]
Morgan, Lewis & Bockius’ association with Luk & Partners has received official approval from The Law Society of Hong Kong, establishing the combined entity as a registered foreign law firm in Hong Kong. The firms announced their plans for association in February, after Edwin Luk and Maurice Hoo left Orrick, Herrington & Sutcliffe to form […]