Overall lawyer head count for global 100 firms was 122,157 in 2016, up 2.7 percent from 2015. Forty-seven of the 100 largest firms by head count have more than 1,000 lawyers.
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. […]
On September 5, 2017, Singapore announced that two prominent government agencies, International Enterprise Singapore (IE Singapore), and SPRING Singapore, will merge into a new agency, Enterprise Singapore, by 2018, to help Singaporean companies grow and go global.
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 […]
More needs to be done even as Singapore has made “good progress” in building up its cybersecurity capabilities, as it is more exposed than many other countries to cyberattacks, said Acting Prime Minister Teo Chee Hean on Tuesday (Sep 19).
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.