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Written by Norman Clark
Published: 01 August 2014
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The effects of globalization of legal markets pose a unique set of risks and opportunities for independent law firms in Asia.  

Asian firms with a single-market focus (i.e., active in only one country) are especially vulnerable to increased competitive pressure from international combinations with strong Asia-Pacific roots, such as King & Wood Mallesons / SJ Berwin, and from the global giants, such as Freshfields Bruckhaus Deringer, some of whom now might already realize more fee revenue from Asia than from their "home" markets.

This brief article outlines seven observations of Walker Clark LLC members, some of whom have more than 15 years experience advising Asian law firms on strategic and operational matters.

We offer these general observations.

Norman Clark

 

Walker Clark LLC advises Asian law firms seeking to improve their strategic position, performance, and profitability, as well as firms from outside the region that are considering an "Asia strategy."  Walker Clark members have advised more small and mid-size law firms in more emerging markets worldwide than any other legal management or marketing consultancy.  For more information please contact the author by e-mail or by telephone to one of the numbers listed at the bottom of this page.