In keeping with the tradition, UK law firms including the Magic Circle firms, announced new partner promotions for 2020 recently despite the industrywide uncertainty. A desire to retain the best talent has been cited as the driver behind. Although the current challenging conditions, the largest UK firms believe investing in people is the very coreContinue reading “Partner promotions amidst unprecedented conditions”
Category Archives: Insights
Growth amidst COVID-19 turmoil
It would be an understatement to say that the coronavirus pandemic has affected us all and the global economy. The hit on the macro economy makes belt tightening unavoidable for many businesses around the world. Financial markets have been erratic, the international supply chain has been disrupted, and companies across the globe are operating atContinue reading “Growth amidst COVID-19 turmoil”
The Legal Industry Commits to Improving Mental Health but Still a Long Way to Go
Legal practice is a demanding profession. It requires extremely long working hours, large workloads, and often unrelenting client requirements. The increased accessibility facilitated by new technology development further intensifies workplace stress among lawyers. Stress, emotional, and physical exhaustion, as a result, causes burnout, adversely contribute to anxiety and mental health issues. Awareness around mental healthContinue reading “The Legal Industry Commits to Improving Mental Health but Still a Long Way to Go”
China’s Legal Market: Trends and Observations in 2019
China has experienced a high level of instability throughout the year due to domestic crises and international disputes. However, global players and the country’s leading law firms have continued to expand in China. The Shanghai Free Trade Zone (FTZ) and the Greater Bay Area have contributed to the growth. The rise of joint operation inContinue reading “China’s Legal Market: Trends and Observations in 2019”
India’s evolving legal services market points to a busy road ahead for 2020
Overview India houses the world’s second largest legal professionals market with more than 600,000 lawyers. Although the Indian legal services sector is one of the most restricted of the largest markets, initiatives are now being taken to gradually open it up, for example by allowing foreign lawyers to visit India on a ‘fly in /Continue reading “India’s evolving legal services market points to a busy road ahead for 2020”
Hughes-Castell Perspective: Asia Legal Markets Preview 2020
China-US trade conflict escalation, GDPR, and new technology will continue to influence developments in the legal industry. Our market insights team has monitored various industry developments and summed up some of the top trends will shape the legal industry by 2020: 1.China-US Trade Conflict Continues The trade conflict between China and the United States isContinue reading “Hughes-Castell Perspective: Asia Legal Markets Preview 2020”
Vietnam market heats up on the back of renewable energy drive
The inaugural Hanoi In-House Congress on 19 November 2019 brought together a number of in-house lawyers, CEOs, compliance professionals, company directors and private practice lawyers for series of discussions on the current state and future projections of the growing Vietnamese market. With various senior lawyers flying up from Ho Chi Minh City to attend thereContinue reading “Vietnam market heats up on the back of renewable energy drive”