32
COVER STORY
ASIA'S TOP
LARGEST
LAW FIRMS
OUR RESEARCH
• Firms were contacted in September
2015 and asked to provide partner
and lawyer numbers across their Asian
offices as of Sept. 1, 2015.
• ‘Total No. of Lawyers’ refers to the
total number of partners, associates,
counsel, consultants and foreign counsel.
Paralegals, trainees and pupils were not
included in this figure.
• In the instance where a firm did not
make a submission, figures were
obtained either from the firm’s website,
an official Law Society resource, or from
last year’s submission.
• The research did not include Australia
and New Zealand. Only lawyers and
partners based in Asia were taken into
account for this research.
• In the instance where two firms had the
same number of total lawyers, the firm
with the greater number of partners
was ranked higher.
ASIAN LEGAL BUSINESS
NOVEMBER 2015
TOP 50 INTERNATIONAL LAW FIRMS
2015
RANK
FROM
2014
FIRM
HEADQUARTERS
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
1
=
Baker & McKenzie
U.S.
296
557
931
2
=
Clifford Chance
UK
79
228
409
3
=
Linklaters
UK
55
285
340
4
+3
Mayer Brown
U.S.
80
180
260
5
+1
Freshfields Bruckhaus Deringer
UK
37
N/A
250
6
-1
Allen & Overy
UK
49
125
234
7
+2
Herbert Smith Freehills
UK/Australia
50
167
232
8
-4
DLA Piper
UK/U.S.
56
168
224
218
9
-1
Hogan Lovells
UK/U.S.
53
165
10
+2
Jones Day
U.S.
68
92
191
11
-1
Norton Rose Fulbright
UK
62
126
188
12
-1
Morrion & Foerster
U.S.
59
79
173
13
=
Ashurst
UK
35
107
148
14
+1
White & Case
U.S.
44
85
139
15
-1
Sidley Austin
U.S.
37
80
138
16
=
Reed Smith
U.S.
41
65
133
17
=
Taylor Wessing
UK
38
74
119
18
+14
Clyde & Co
UK
31
63
119
19
=
Pinsent Masons
UK
28
89
117
20
+3
Latham & Watkins
U.S.
29
76
105
21
-1
K&L Gates
U.S.
44
53
101
22
-4
Davis Polk & Wardwell
U.S.
12
82
100
23
+5
24
NEW
Skadden, Arps, Slate, Meagher & Flom
U.S.
20
58
97
Morgan Lewis & Bockius
U.S.
27
61
94
25
-4
Stephenson Harwood
UK
27
62
89
26
+13
Simmons & Simmons
UK
29
53
88
27
-2
Bird & Bird
UK
27
59
88
28
+2
Watson, Farley & Williams
UK
23
63
88
29
-4
Holman Fenwick Willan
UK
29
58
87
30
-8
Shearman & Sterling
U.S.
23
60
84
31
=
Squire Patton Boggs
U.S.
27
47
83
32
-5
Kirkland & Ellis
U.S.
33
42
82
33
-9
Orrick, Herrington & Sutcliffe
U.S.
23
50
78
34
=
Ropes & Gray
U.S.
25
50
75
35
-2
Paul Hastings
U.S.
27
31
73
36
+1
Eversheds
UK
22
38
65
65
37
-2
Simpson Thacher & Bartlett
U.S.
15
48
38
+2
Cleary Gottlieb Steen & Hamilton
U.S.
10
50
63
39
NEW
Dentons
N/A
12
27
58
40
-4
O'Melveny & Myers
U.S.
15
22
57
41
=
Slaughter and May
UK
13
>40
>53
42
=
Ince & Co
UK
16
26
51
43
+3
Milbank, Tweed, Hadley & McCloy
U.S.
13
35
51
44
-6
Duane Morris & Selvam
U.S.
18
19
44
Berwin Leighton Paisner
UK
16
26
42
Winston & Strawn
U.S.
17
14
39
Australia
14
N/A
>37
45
-1
46
NEW
47
+1
48
-1
49
NEW
50
-1
Minter Ellison
Sullivan & Cromwell
U.S.
8
26
37
Troutman Sanders
U.S.
9
27
36
Weil, Gotshal & Manges
U.S.
10
16
32
NOTE: In the instance where a law firm did not make a submission, figures were obtained either from the firm’s website, an official Law Society resource, or from last year’s submission.
COVER STORY
WWW.LEGALBUSINESSONLINE.COM
: @ALB_Magazine
: Connect with Asian Legal Business
TOP 50 ASIAN LAW FIRMS
TOTAL NO.
OF LAWYERS*
2015
RANK
FROM
2014
1
+1
Dacheng Law Offices
China
1197
1015
4311
2
-1
Beijing Yingke Law Firm
China
1056
2164
3220
China
222
999
1221
South Korea
120
N/A
>1,200
FIRM
3
=
Zhong Yin Law Firm
4
+3
Kim & Chang
HEADQUARTERS
PARTNERS
ASSOCIATES
5
+1
DeHeng Law Offices
China
373
485
1182
6
+3
AllBright Law Offices
China
307
777
1084
7
-2
Grandall Law Firm
China
280
720
1000
8
=
Zhong Lun Law Firm
China
220
780
1000
9
-5
King & Wood Mallesons
China/Australia
274
213
696
10
+8
Guanghe Law Firm
China
141
256
645
Long An Law Firm
China
202
413
615
Cyril Amarchand Mangaldas
India
90
463
605
11
=
12
NEW
13
NEW
Tian Yuan Law Firm
China
78
>500
>578
14
-1
Nishimura & Asahi
Japan
102
363
522
15
=
Lee & Ko
South Korea
143
367
510
16
+3
Beijing DHH Law Firm
China
70
64
471
17
=
Tahota Law Firm
China
81
387
468
18
+3
Lee and Li
19
+1
Rajah & Tann
20
-4
Bae, Kim & Lee
21
NEW
22
Taiwan
60
384
444
Singapore
173
257
430
South Korea
170
254
424
Sichuan Mingju Law Firm
China
52
369
421
+3
Khaitan & Co
India
101
314
415
23
+5
Guantao Law Firm
China
92
315
414
24
-10
Zhong Lun W&D Law Firm
China
207
196
403
South Korea
153
197
391
Japan
117
215
380
South Korea
132
182
378
India
70
289
370
25
-3
Shin & Kim
26
+7
Anderson Mori & Tomotsune
27
-4
Yulchon
28
NEW
Shardul Amarchand Mangaldas & Co
29
-2
Allen & Gledhill
Singapore
143
222
367
30
-4
Mori Hamada & Matsumoto
Japan
100
263
363
31
+8
Fangda Partners
China
63
294
357
32
-20
JunHe
China
186
150
353
33
-9
TMI Associates
Japan
71
282
353
34
-2
Nagashima Ohno & Tsunematsu
Japan
93
209
343
35
+12
Jincheng Tongda & Neal
China
126
213
339
36
+7
AZB & Partners
320
37
-7
Yoon & Yang
38
-2
WongPartnership
39
-5
40
NEW
India
60
260
South Korea
115
165
315
Singapore
103
206
309
J. Sagar Associates
India
75
211
306
King & Capital
China
97
58
300
41
-4
Jingtian & Gongcheng
China
83
208
291
42
+2
Hylands Law Firm
China
70
200
280
43
-1
Global Law Office
China
60
220
280
44
-6
Drew & Napier
Singapore
87
122
278
45
-16
Luthra & Luthra
India
54
220
274
46
-6
ZICOlaw
Malaysia
69
200
273
47
NEW
Jointide Law Firm
China
121
79
266
48
NEW
Gaopeng & Partners
China
65
155
220
Hong Kong
52
148
213
China
41
167
208
49
-8
50
NEW
Deacons
Zhongzi Law Office
33
As the global economy continues its steady
recovery, Asia is fast becoming the epicentre of growth. Asian companies are
ramping up their outbound activity, and
a number of initiatives like the ASEAN
Economic Community and the One Belt,
One Road project are in motion, with the
goal of boosting economic cooperation
and connectivity in the region. According
to Thomson Reuters data, announced M&A
activity with any Asian involvement (excluding Japan) in the first nine months of
2015 reached an all-time high of $829.7
billion, a whopping 61 percent jump over
the $515.2 billion in that period last year.
Asia’s growth is certainly creating business opportunities and stimulating demand
for legal services in the region. The past
12 months alone have seen a wave of law
firm mergers and alliances, new office
openings, and the expansion of existing
Asian offices through lateral hires, internal
promotions and relocations. These trends
are reflected in our domestic and international firm tables featured in this report.
For the second year running, in order to
widen the scope of the research and offer
a more comprehensive overview of the
legal market in Asia, ALB has separated
Asia’s Top 50 Largest Law Firms list into
two tables: “Top 50 International Firms”
and “Top 50 Asian Firms”.
ASIA'S TOP 50
While the past 12 months have seen some
international firms scale back operations –
and in a few cases, pull out of Asia entirely
– the majority of firms continue to invest
heavily in their Asian operations. Several
international law firms have strengthened
their Asian presence, expanding out of
the financial centres of Hong Kong and
Singapore, and into jurisdictions like Japan,
Korea and Indonesia.
U.S. law firms account for 27 of the 50
largest international firms in Asia, though
only three feature in the top ten. Meanwhile,
UK firms make up 18 of the 50 largest
international firms in Asia, with four in
the top ten. Firms with joint headquarters
like DLA Piper (UK/U.S.), Hogan Lovells
(UK/U.S.) and Herbert Smith Freehills (UK/
Australia) also feature in the top ten. With
931 lawyers, Baker & McKenzie takes the
crown for the second year running as the
*Total No. of lawyers is the total number of partners and associates, as well as other counsel, consultants and foreign counsel. Paralegals, trainees and pupils
34
COVER STORY
ASIAN LEGAL BUSINESS
NOVEMBER 2015
CHINA DOMESTIC
CHINA INTERNATIONAL
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
2015
RANK
FROM
2014
Dacheng Law Offices
1197
1015
4311
1
+3
-1
Beijing Yingke Law Firm
1053
2150
3203
2
=
Zhong Yin Law Firm
222
999
1221
4
+1
DeHeng Law Offices
373
485
1182
5
+3
AllBright Law Offices
306
776
1082
6
+1
Zhong Lun Law Firm
220
780
1000
7
-3
Grandall Law Firm
276
718
994
8
+5
Guanghe Law Firm
141
256
645
9
=
Long An Law Firm
202
413
615
10
NEW
Tian Yuan Law Firm
78
>500
>578
11
-5
King & Wood Mallesons
245
138
550
12
-1
Zhong Lun W&D Law Firm
207
196
403
2015
RANK
FROM
2014
1
+1
2
3
FIRM
13
+1
Beijing DHH Law Firm
70
64
471
14
-2
Tahota Law Firm
81
383
464
15
NEW
Sichuan Mingju Law Firm
52
369
421
16
-1
Guantao Law Firm
87
305
397
17
-7
JunHe
186
150
353
18
+5
Jincheng Tongda & Neal
126
213
339
19
=
Fangda Partners
59
268
327
20
NEW
King & Capital
97
58
300
21
-3
Jingtian & Gongcheng
82
208
290
22
-2
Global Law Office
60
220
280
23
-2
Hylands Law Firm
68
200
278
24
NEW
Jointide Law Firm
121
79
266
25
NEW
Gaopeng & Partners
65
155
220
26
NEW
Zhongzi Law Office
41
167
208
27
-5
Tenet & Partners
65
47
178
28
-3
Boss & Young
66
104
170
29
NEW
Han Kun Law Offices
34
116
162
30
NEW
Watson & Band Law Offices
33
108
159
largest international firm by headcount
in Asia. UK Magic Circle firms Clifford
Chance and Linklaters retain the second
and third spots from last year, with 409
and 340 lawyers in Asia, respectively.
Winston & Strawn and Troutman Sanders
enter the Top 50 International Law Firms
table this year, as well as fellow U.S. firm
Morgan Lewis & Bockius, which absorbed
Bingham McCutchen in November 2014 and
merged with Singaporean firm Stamford
Law Corporation in April this year. Dentons
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
Clifford Chance
11
36
88
-1
Baker & McKenzie
20
53
82
3
+2
Freshfields Bruckhaus
Deringer
5
N/A
>60
4
-2
Hogan Lovells
13
47
60
5
+1
Linklaters
9
32
47
6
-3
DLA Piper
7
40
47
7
=
Pinsent Masons
8
37
45
8
+4
Jones Day
20
17
39
Mayer Brown JSM
8
30
38
Clyde & Co
7
17
34
9
=
10
NEW
11
NEW
12
-2
FIRM
Dentons
5
21
31
Herbert Smith Freehills
6
23
29
13
NEW
Simmons & Simmons
7
14
27
14
=
Norton Rose Fulbright
10
16
26
15
+7
Reed Smith
6
7
26
16
-5
Allen & Overy
8
14
25
17
-9
CMS, China
5
20
25
18
-3
Sidley Austin
7
13
24
19
-2
White & Case
4
15
22
Orrick, Herrington &
Sutcliffe
6
9
20
Taylor Wessing
4
16
20
20
NEW
21
-5
22
-9
O'Melveny & Myers
7
4
19
23
-3
Gide Loyrette Nouel
4
15
19
24
-1
K&L Gates
7
10
18
25
NEW
Bird & Bird
5
13
18
also features in the table this year at #39,
and is poised to climb higher in next year’s
table next year once its mergers with
China’s Dacheng Law Offices, Singapore’s
Rodyk & Davidson and Australia’s Gadens
are sealed.
Among Asian firms, Dacheng Law
Offices (4,311 lawyers) clinches the top
spot as the largest firm in Asia, displacing
fellow Chinese firm Beijing Yingke Law
Firm. Korean firm Kim & Chang (>1,200) is
the only non-Chinese firm in the top ten.
NORTH ASIA
With 4,311 lawyers in China, Dacheng Law
Offices displaces Beijing Yingke Law Firm
(3,220 lawyers) as the largest law firm in
China. Zhong Yin Law Firm (1,221) is the
third-largest firm in China, while DeHeng
Law Offices (1,182) jumps up one spot
from last year to fourth. AllBright Law
Offices (1,082) catapults up three spots
to fifth this year, CONTINUE D O N PAG E 3 6
NOTE: In the instance where a law firm did not make a submission, figures were obtained either from the firm’s website, an official Law Society resource, or from last year’s submission.
*Total No. of lawyers is the total number of partners and associates, as well as other counsel, consultants and foreign counsel. Paralegals, trainees and pupils
20TH ANNIVERSARY
COVER STORY
36
ASIAN LEGAL BUSINESS
NOVEMBER 2015
HONG KONG DOMESTIC
HONG KONG INTERNATIONAL
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
2015
RANK
FROM
2014
Deacons
52
148
213
1
=
=
Woo Kwan Lee & Lo
36
27
78
2
+1
=
Li & Partners
7
44
65
3
-1
2015
RANK
FROM
2014
1
=
2
3
FIRM
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
65
130
195
Clifford Chance
36
105
168
Baker & McKenzie
52
86
162
FIRM
Mayer Brown JSM
4
=
Wilkinson & Grist
25
18
53
4
=
Linklaters
23
116
149
5
+2
Howse Williams Bowers
16
25
49
5
+1
King & Wood Mallesons
26
71
138
6
=
P.C. Woo & Co
16
25
44
6
+3
Freshfields Bruckhaus
Deringer
20
42
109
7
+2
ONC Lawyers
9
21
39
7
-2
DLA Piper
31
72
103
8
=
Gallant Y.T. Ho & Co
17
20
37
8
+2
Herbert Smith Freehills
19
65
92
9
+1
Hastings & Co
14
16
37
9
-1
26
52
89
10
+1
Robertsons
15
17
36
Reed Smith Richards
Butler
11
+1
Stevenson, Wong & Co
13
18
35
10
-3
Allen & Overy
17
26
86
12
+1
Oldham, Li & Nie
11
13
33
11
+4
Davis Polk & Wardwell
8
66
78
12
-1
Sidley Austin
19
47
76
13
+1
Haldanes
15
11
30
14
+1
Smyth & Co
7
15
27
15
NEW
Tanner De Witt
10
14
26
In Hong Kong, a healthy flow of
M&A, IPO and other transactional
work is creating more work for the
legal industry, causing many firms to
beef up their corporate and capital
markets practices.
CO N T I N U E D F RO M PAGE 3 4
having added
more than 100 lawyers to the firm since
September last year. The China Domestic
table also features a number of new entrants, including Tian Yuan Law Firm
(>578), Sichuan Mingju Law Firm (421),
King & Capital (300), Jointide Law Firm
(266), Gaopeng & Partners (220), Zhongzi
Law Office (208), Han Kun Law Offices
(162) and Watson & Band Law Offices (159).
Clifford Chance (88) jumps up three
places from last year to become the biggest international law firm in China, ahead
of Baker & McKenzie (82), Freshfields
Bruckhaus Deringer (>60), Hogan Lovells
(60) and Linklaters (47). Jones Day (39)
rises four places from #12 to #8, while
13
+1
Stephenson Harwood
18
32
61
14
-2
Hogan Lovells
20
49
69
15
+1
Kirkland & Ellis
28
36
68
16
-3
Norton Rose Fulbright
22
44
66
17
+2
Ashurst
15
45
65
18
-1
Skadden, Arps, Slate,
Meagher & Flom
12
39
62
19
NEW
Zhong Lun Law Firm
16
16
50
20
-2
21
NEW
Holman Fenwick Willan
15
33
48
Clyde & Co
10
29
48
22
23
+2
Ropes & Gray
14
32
46
-2
Latham & Watkins
12
34
46
24
-2
Eversheds
15
25
45
25
NEW
Simmons & Simmons
15
28
43
Reed Smith (26) climbs seven spots to
#15. O’Melveny & Myers falls nine places
from #13 to #22, with the firm’s headcount
contracting by 12 lawyers since September
2014.
In Hong Kong, a healthy flow of M&A,
IPO and other transactional work is creating
more work for the legal industry, causing
many firms to beef up their corporate and
capital markets practices. And with a fully
functional Competition Law just around the
corner, some firms have started to form
new or bolster existing antitrust practices
through partner relocations and lateral
hires. Deacons retains its status as the
largest Hong Kong law firm, boasting 213
lawyers, including 52 partners. The firm is
also the only Hong Kong outfit to feature
in the Asia Top 50 table. Woo Kwan Lee &
Lo (78), Li & Partners (65) and Wilkinson
& Grist (53) cement their second, third and
fourth positions, respectively. Meanwhile,
Howse Williams Bowers (49), which was
established in 2012, climbs two spots to
#5 as it continues to aggressively hire local
talent. Tanner De Witt is a new entrant this
year, slotting in at #15 with 10 partners
and 16 other lawyers.
The Hong Kong International table features many changes as a plethora of firms
continue to actively recruit talent from
their competitors. Mayer Brown JSM (195)
retains its top spot, adding more than
20 lawyers to its CONTINUE D O N PAG E 3 8
NOTE: In the instance where a law firm did not make a submission, figures were obtained either from the firm’s website, an official Law Society resource, or from last year’s submission.
*Total No. of lawyers is the total number of partners and associates, as well as other counsel, consultants and foreign counsel. Paralegals, trainees and pupils
COVER STORY
WWW.LEGALBUSINESSONLINE.COM
: @ALB_Magazine
: Connect with Asian Legal Business
JAPAN DOMESTIC
JAPAN INTERNATIONAL
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
2015
RANK
FROM
2014
Nishimura & Asahi
98
332
480
1
=
+1
Mori Hamada &
Matsumoto
100
263
363
2
3
+2
Anderson Mori &
Tomotsune
112
209
362
4
=
Nagashima Ohno &
Tsunematsu
89
205
324
5
-3
TMI Associates
67
249
324
6
=
City-Yuwa partners
43
70
136
7
=
Oh-Ebashi LPC & Partners
41
51
118
8
=
Atsumi & Sakai
49
47
108
9
=
Kitahama Partners
32
45
86
10
=
Nakamura & Partners
36
42
81
2015
RANK
FROM
2014
1
=
2
FIRM
37
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
Baker & McKenzie
49
75
160
=
Morrison & Foerster
38
47
110
3
+2
Jones Day
15
31
56
4
=
White & Case
14
34
54
5
+1
Clifford Chance
7
27
52
6
+1
Herbert Smith Freehills
9
31
40
7
+3
Squire Patton Boggs
12
21
35
8
=
Linklaters
6
25
33
9
+2
Orrick, Herrington &
Sutcliffe
10
20
30
10
+5
Freshfields Bruckhaus
Deringer
5
17
30
11
-2
Hogan Lovells
6
22
28
12
=
Ashurst
6
19
26
13
=
K&L Gates
9
10
19
14
NEW
Allen & Overy
6
12
19
15
-1
DLA Piper
4
13
17
FIRM
38
COVER STORY
ASIAN LEGAL BUSINESS
NOVEMBER 2015
Nishimura & Asahi still stands as the largest
law firm in Japan with 480 lawyers, 13 more than
in 2014. Mori Hamada & Matsumoto (363) climbs
one place in the table to clinch second, while
TMI Associates (324) drops three spots to #5.
CO N T I N U E D F RO M PAGE 36
offices since
mid-2014. Clifford Chance (168) claims
the #2 spot in the table this year, ahead
of Baker & McKenzie (162). Clyde & Co
(48) and Simmons & Simmons (43) are the
new entrants, as well as Zhong Lun Law
Firm, which merged with its Hong Kong
associate firm Boughton Peterson Yang
Anderson in March this year.
The Japan Domestic table reveals some
movement among the ‘Big Five’ Japanese
firms this year. Nishimura & Asahi still
stands as the largest law firm in Japan
with 480 lawyers, 13 more than in 2014.
Mori Hamada & Matsumoto (363) climbs
one place in the table to clinch second,
while TMI Associates (324) drops three
spots to #5. Of note is the rise of Anderson
Mori & Tomotsune (362) to #3 this year.
The firm was buoyed by the integration
of its business with Bingham McCutchen
Tokyo, with about 50 of the now-defunct
U.S. firm’s lawyers joining the Japanese
firm in April. With more than 60 lawyers
added to Anderson Mori’s Asian offices in
the past 12 months, the firm rises seven
spots in the Asia Top 50 table to #26.
The ‘Big Five’ Japanese firms feature in
the Asia Top 50 table, with several firms
opening new offices since September last
year. Anderson Mori opened in Ho Chi
Minh City and established a Jakarta desk
in May this year, while Nagashima Ohno
& Tsunematsu launched a Hanoi office in
April. Mori Hamada set up shop in Bangkok
and Nagoya in April and September, respectively, while Nishimura & Asahi entered
into an association with Indonesian firm
Rosetini & Partners in November 2014.
The top two international firms in Japan
remain unchanged from last year, with
Baker & McKenzie (160) and Morrison &
Foerster (110) both boasting offices with
more than 100 lawyers. Jones Day (56)
jumps two places to #3, while Squire Patton
Boggs (35) and Freshfields Bruckhaus
Deringer (30) climb three and five spots,
respectively. Bingham McCutchen exits
the table after being absorbed by Morgan
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私募股权与风险资本
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破产清算
BankruptcyInfrastructure and Project Finance
基础设施与项目融资
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Shipping
不动产 Real
Estate & Marine
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Dispute Resolution
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• 破产清算 Bankruptcy
• 争议解决 Dispute Resolution
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Beijing · 上海 Shanghai
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Shenzhen · 杭州广州Guangzhou
Hangzhou · 广州昆明Kunming
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· 天 津 Tianjin宁波Ningbo
· 成都 Chengdu
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天津Tianjin
福州Fuzhou
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西安
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南宁
香港
巴黎
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COVER STORY
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: @ALB_Magazine
: Connect with Asian Legal Business
SOUTH KOREA DOMESTIC
39
SOUTH KOREA INTERNATIONAL
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
2015
RANK
FROM
2014
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
Kim & Chang
120
N/A
>1,200
1
=
Cleary Gottlieb Steen &
Hamilton
2
12
15
=
Lee & Ko
143
367
510
2
3
=
Bae, Kim & Lee
166
242
410
+2
Herbert Smith Freehills
2
4
7
3=
-1
Paul Hastings
4
2
6
4
=
Shin & Kim
150
196
387
3=
+6
Ropes & Gray
4
2
6
5
=
Yulchon
127
178
369
5
-2
Clifford Chance
1
3
6
6
=
Yoon & Yang
115
165
315
6=
-1
Simpson Thacher &
Bartlett
7
=
Barun Law
1
4
5
N/A
N/A
190
6=
=
Baker & McKenzie
1
3
5
8
=
Jipyong
52
62
152
8
-2
Sheppard, Mullin, Richter
& Hampton
3
1
4
9
=
DR & AJU
50
65
130
10
9
NEW
Linklaters
2
2
4
=
Hwang Mok Park
49
31
94
10
-4
Covington & Burling
1
1
4
2015
RANK
FROM
2014
1
=
2
FIRM
FIRM
NOTE: In the instance where a law firm did not make a submission, figures were obtained either from the firm’s website, an official Law Society resource, or from last year’s submission.
*Total No. of lawyers is the total number of partners and associates, as well as other counsel, consultants and foreign counsel. Paralegals, trainees and pupils
KOREA’S
PREMIER LAW FIRM
Unrivaled Expertise and Global Reach
As Korea’s leading global law firm,
Kim & Chang continues to deliver innovative solutions
to our clients’ most complex legal challenges.
www.kimchang.com
40
COVER STORY
ASIAN LEGAL BUSINESS
NOVEMBER 2015
TAIWAN
INDIA
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
2015
RANK
FROM
2014
FIRM
Lee and Li
60
384
444
1
NEW
+3
Baker & McKenzie
33
33
66
2
=
3
-1
Formosa Transnational
20
43
63
4
+2
LCS & Partners
N/A
N/A
62
5
-2
Tsar & Tsai
23
36
59
2015
RANK
FROM
2014
1
=
2
FIRM
6
-2
Chien Yeh Law Offices
15
31
59
7
=
Formosan Brothers
15
20
37
8
=
Deep & Far
N/A
N/A
35
9
=
Jones Day
6
9
26
10
=
Lee, Tsai & Partners
8
12
25
Korea’s signing of Free Trade
Agreements with the EU in July 2011
and the U.S. in March 2012 opened
up the Korean legal market to
American and European law firms.
Since then, more than 25
international law firms have launched
offices in Seoul, with several more
waiting on the sidelines.
CO N T I N U E D F RO M PAGE 38
in November
last year.
With more than 1,200 lawyers, Kim &
Chang stands as the largest firm in Korea,
as well as the largest non-Chinese firm in
Asia. The Korea Domestic table remains
unchanged from last year, with Lee & Ko
(510), Bae, Kim & Lee (410), Shin & Kim
(387) and Yulchon (369) making up the
rest of the top five largest firms.
Korea’s signing of Free Trade Agreements
with the EU in July 2011 and the U.S. in
March 2012 opened up the Korean legal
market to American and European law firms.
Since then, more than 25 international law
firms have launched offices in Seoul, with
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
Cyril Amarchand
Mangaldas
90
463
605
Khaitan & Co
101
314
415
Shardul Amarchand
Mangaldas & Co
70
289
370
3
NEW
4
+1
AZB & Partners
60
260
320
5
-1
J. Sagar Associates
75
211
306
6
-3
Luthra & Luthra
54
220
274
7
-1
Lakshmikumaran &
Sridharan
39
171
210
8
+8
Kochhar & Co
41
137
178
9
-2
Desai & Diwanji
17
156
173
10
-2
Trilegal
23
125
172
11
+1
Fox Mandal & Co
36
120
156
12
-2
DSK Legal
12
100
150
13
-2
M.V. Kini & Company
11
139
150
14
-5
Wadia Ghandy & Co
33
110
145
15
-2
Mulla & Mulla & Craigie
Blunt & Caroe
14
86
122
16
-2
Economic Laws Practice
28
91
119
17
-2
Anand and Anand
19
95
115
18
-1
Rajani, Singhania &
Partners
22
70
92
19
-1
Vaish Associates
12
78
90
20
-1
Nishith Desai Associates
8
64
72
21
-1
HSA Advocates
16
54
70
22
-1
Khaitan Sud & Partners
13
50
65
23
-1
Juris Corp
13
51
64
24
+1
Majmudar & Partners
6
50
56
25
NEW
Phoenix Legal
8
44
55
several more waiting on the sidelines. To
reflect this trend, the report features a
Korea International table for the second
year running. Most of the office sizes in
Seoul are small, as the international law
firms are subject to certain restrictions that
remain in force until Korea’s legal market
completely opens up to European firms in
July 2016 and U.S. firms in March 2017. As
the Korean legal market moves closer to
full liberalisation, more international firms
are expected to set up shop in Seoul, and
existing firms are likely to bolster their practices, with some even considering mergers
and alliances with domestic firms.
Cleary Gottlieb Steen & Hamilton has the
largest international practice in Korea with
15 lawyers. Just three lawyers separate the
second and tenth positions on the table.
Herbert Smith Freehills climbs two spots
to #2 with seven lawyers, while Covington
& Burling slips four places to #10 with
four lawyers. Ropes & Gray ascends six
spots in the table to #3, tied with Paul
Hastings with six lawyers including four
partners based in Seoul.
With 444 lawyers, Lee and Li keeps its
spot as the largest firm in Taiwan, and is
the only Taiwanese firm in the Asia Top 50
table. Baker & McKenzie (66) jumps three
spots to #2, while Formosa Transnational
(63) falls one place to #3.
NOTE: In the instance where a law firm did not make a submission, figures were obtained either from the firm’s website, an official Law Society resource, or from last year’s submission.
*Total No. of lawyers is the total number of partners and associates, as well as other counsel, consultants and foreign counsel. Paralegals, trainees and pupils
COVER STORY
WWW.LEGALBUSINESSONLINE.COM
: @ALB_Magazine
: Connect with Asian Legal Business
SOUTH/SOUTHEAST ASIA
41
INDONESIA
South/Southeast Asia is a region with
high growth potential. The Association of
Southeast Asian Nations (ASEAN) region
is poised for economic expansion, with the
integration of the 10 ASEAN members into
the ASEAN Economic Community (AEC)
expected to launch by the end of 2015.
The AEC, which will create a trading bloc
of more than 600 million people with a
GDP exceeding $5.6 trillion, seeks to relax
capital-flow restrictions and promote the
free movement of goods, services and
labour within the region. This initiative is
likely to provide lucrative opportunities for
legal work, particularly in areas such as
financial services, telecoms, real estate,
projects and consumer goods.
India’s growth remains steady, and its
prime minister, Narendra Modi, whose
political party emerged victorious in last
year’s elections, has vowed to revive the
country’s economic development. Energy
and natural re- CO N TINUED O N PAGE 4 3
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
Ali Budiardjo, Nugroho, Reksodiputro
15
86
112
=
Hadiputranto, Hadinoto & Partners
20
83
103
=
Assegaf Hamzah & Partners
18
78
96
11
77
89
12
62
74
2015
RANK
FROM
2014
1
=
2
3
4
NEW
Hiswara Bunjamin & Tandjung
5
-1
Hanafiah Ponggawa & Partners
FIRM
6
-1
Lubis Ganie Surowidjojo
9
55
64
7
-1
Soewito Suhardiman Eddymurthy Kardono (SSEK)
6
47
58
8
-1
Makarim & Taira S.
7
42
50
9
=
Soemadipradja & Taher
8
30
40
10
=
Mochtar Karuwin Komar
6
29
38
11
=
Melli Darsa & Co
4
30
37
12
-4
Makes & Partners
4
30
34
13
NEW
ZICOlaw
4
26
30
14
NEW
Arfidea Kadri Sahetapy-Engel Tisnadisastra (AKSET
Law)
4
26
30
15
-2
Ginting & Reksodiputro
3
23
29
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COVER STORY
42
ASIAN LEGAL BUSINESS
NOVEMBER 2015
MALAYSIA
2015
RANK
FROM
2014
1
=
+1
2
PHILIPPINES
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
2015
RANK
FROM
2014
FIRM
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
Zaid Ibrahim & Co
49
119
172
1
=
SyCip, Salazar, Hernandez
& Gatmaitan
41
82
149
Lee Hishammuddin Allen
& Gledhill
31
74
107
2
=
ACCRALAW
53
74
127
3
=
Romulo Mabanta
Buenaventura Sayoc & De
Los Angeles
45
48
95
4
=
Picazo Buyco Tan Fider &
Santos
25
30
56
5
=
Quisumbing Torres
19
32
51
6
=
Castillo Laman Tan
Pantaleon & San Jose Law
Offices (CLTPSJ)
22
26
50
7
+1
Siguion Reyna Montecillo
& Ongsiako
27
19
47
8
+1
V&A Law
14
31
45
9
-2
Puno & Puno Law Offices
14
28
42
10
=
PJS Law Firm
12
15
27
FIRM
3
-1
Shearn Delamore & Co
52
54
106
4
=
Skrine
37
63
105
5
=
Zul Rafique & Partners
37
51
90
6
=
Shook Lin & Bok
25
56
81
7
+2
Wong & Partners
17
57
74
8
-1
Azmi & Associates
16
53
69
9
+2
Raja, Darryl & Loh
22
40
65
10
-2
Rahmat Lim & Partners
25
36
61
11
-1
Kadir Andri & Partners
18
43
61
12
+1
Christopher & Lee Ong
21
35
57
13
-1
Adnan Sundra & Low
13
38
54
14
+1
Jeff Leong, Poon & Wong
9
35
45
15
-1
Albar & Partners
13
24
37
北京市天元律师事务所创立于1992 年，是中国成立时间最早和规模最大的合伙制律师事务所之一。天元现有合
伙人70余名，律师400余名。天元总部在北京，并在上海、深圳、成都设有分所。天元的绝大多数律师获有国内外著
名法学院校的硕士、博士学位，其中，很多律师拥有在国际知名律师事务所或公司法律部门多年的工作或学习经历。
天元律师能够以普通话、英语、法语、日语提供法律服务。
天元一直秉持专业、敬业、勤业的理念，致力于为客户提供高质量、高效率、全方位的法律服务。天元在证券、公司
并购、反垄断、资产证券化、保险、知识产权、房地产、争议解决等业务领域处于国内领先地位。
近年荣誉：
北京市西城区
丰盛胡同28号
太平洋保险大厦
10层,
100032
www.tylaw.com.cn
北京 · 上海 · 深圳 · 成都
• 1998 年，天元被中华人民共和国司法部评为首批20 家“部级文明律师事务所”之一，总分名列第二。
• 2003 年入选国际权威的律师事务所评价杂志Legal 500 (The Asia Pacific) 评选的在中国领先的若干家律
师事务所之一。
• 1998 年至2004 年，天元均被评为“北京市优秀律师事务所”或“人民满意的律师事务所”或“文明律师事务所”
等荣誉称号。
• 2005 年，天元被中华全国律师协会评为“全国优秀律师事务所”。同时，还有一名律师被评为“全国优秀律师”、
一名律师受到全国律协的嘉奖、一名律师被评为“北京市优秀律师”；天元成为当年获奖最多的律师事务所。
• 2008 年，天元被中华全国律师协会评为2005- 2007 年度“全国优秀律师事务所”。
• 2011 年，天元入选《亚洲法律事务》（ALB）统计评选出的全国律师事务所发展二十强；同年，天元被中华全
国律师协会评为“2008—2010 年度全国优秀律师事务所”；这是天元连续四次获得中国律师界的最高荣誉。
• 2014 年，天元被北京市司法局、北京市律师协会评为“2013-2014 年度北京市优秀律师事务所”。
• 2014 年12 月，天元被清科评为“2014 年中国VC/ PE 人民币基金投资最佳法律顾问机构” 。
• 2012-2015 年，天元连续被国际权威法律服务排名机构钱伯斯（Chambers & Partners）评选为中国资本市
场、并购、争议解决和保险领域领先的律师事务所。
• 2015 年，天元被投中集团(Chinaventure) 评为“2014 年中国私募投资和风险投资最佳法律顾问Top5” 。
• 2015年天元被北京市律师协会选为“2012至2014年年度北京市优秀律师事务所” 。
COVER STORY
WWW.LEGALBUSINESSONLINE.COM
: @ALB_Magazine
: Connect with Asian Legal Business
SINGAPORE DOMESTIC
43
SINGAPORE INTERNATIONAL
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
2015
RANK
FROM
2014
Allen & Gledhill
143
222
367
1
=
=
Rajah & Tann
144
190
334
2
NEW
3
=
WongPartnership
100
202
302
3
-1
4
=
Drew & Napier
87
122
275
4
5
=
Rodyk & Davidson
85
101
193
5
6
+1
Shook Lin & Bok
34
62
96
6
-1
Linklaters
9
39
52
7
-1
Morgan Lewis Stamford
17
56
75
7
=
Watson, Farley & Williams
15
30
45
8
=
RHTLaw Taylor Wessing
28
38
73
8
-2
Herbert Smith Freehills
11
30
45
9
+1
Colin Ng & Partners
17
32
49
10
NEW
Bird & Bird ATMD
15
27
43
2015
RANK
FROM
2014
1
=
2
FIRM
sources, IT,
manufacturing, financial services and
healthcare have been hot sectors for
M&A, with several notable deals in the
pipeline. Despite the split of Amarchand
& Mangaldas & Suresh A Shroff & Co
into two firms in May, the new firms,
Cyril Amarchand Mangaldas and Shardul
Amarchand Mangaldas & Co, are already
establishing themselves as heavyweights.
With 605 lawyers, Cyril Amarchand
Mangaldas is the largest law firm in India,
while Shardul Amarchand Mangaldas (370)
enters the table in third. Khaitan & Co (415)
retains its #2 position, while AZB & Partners
(320) climbs one spot to #4, displacing J.
Sagar Associates (306). Kochhar & Co (178)
jumps eight places to #8, having added
more than 60 lawyers to its ranks over
the past 12 months.
With 112 lawyers, including 15 partners,
Ali Budiardjo, Nugroho, Reksodiputro cements its standing as the largest law firm
in Indonesia. Hadiputranto, Hadinoto &
Partners (103) and Assegaf Hamzah &
Partners (96) retain their second and third
spots in the table, respectively. Hiswara
Bunjamin & Tandjung (89) enters the table in fourth, while fellow new entrants
ZICOlaw (30) and Arfidea Kadri SahetapyEngel Tisnadisastra (30) feature in the #13
and #14 positions, respectively.
Zaid Ibraham & Co is the largest law
firm in Malaysia, with 172 lawyers, including
49 partners. Lee Hishammuddin Allen &
Gledhill (107) climbs one spot to #2 this
year, edging ahead of Shearn Delamore &
CO N T I N U E D F RO M PAGE 41
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
Baker & McKenzie.Wong
& Leow
25
71
96
Withers KhattarWong
32
35
76
Clifford Chance
21
45
76
=
Norton Rose Fulbright
24
48
72
-2
Allen & Overy
13
44
66
FIRM
9
-1
Ashurst
12
30
42
10
-1
Hogan Lovells
11
31
42
11
+5
Clyde & Co
14
17
37
12
-1
Latham & Watkins
11
25
36
13
+1
Jones Day
12
15
32
14
-4
White & Case
12
19
31
15
-4
Holman Fenwick Willan
11
19
30
16
-3
Pinsent Masons
10
15
25
17
+4
Milbank, Tweed, Hadley
& McCloy
6
18
26
18
-3
Stephenson Harwood
8
16
26
19
-2
Sidley Austin
9
12
25
20
-2
Berwin Leighton Paisner
7
13
20
21
-1
Shearman & Sterling
5
14
20
22
=
K&L Gates
7
10
18
23=
+1
Reed Smith
9
6
17
23=
NEW
King & Spalding
9
7
17
25
NEW
DLA Piper
5
9
14
With 367 lawyers, Allen & Gledhill takes the crown
as the largest firm in Singapore for the third
consecutive year. While Rajah & Tann features as the
second largest firm in Singapore, it is the largest
Singaporean firm in the Top 50 Asia table, due to its
sizeable presence in other parts of Asia. It now boasts
430 lawyers in Asia, and moves up one spot to #19 in
the Top 50 Asia table. WongPartnership (302), Drew &
Napier (275) and Rodyk & Davidson (193) claim the #3,
#4 and #5 spots, respectively.
NOTE: In the instance where a law firm did not make a submission, figures were obtained either from the firm’s website, an official Law Society resource, or from last year’s submission.
*Total No. of lawyers is the total number of partners and associates, as well as other counsel, consultants and foreign counsel. Paralegals, trainees and pupils
44
COVER STORY
ASIAN LEGAL BUSINESS
NOVEMBER 2015
THAILAND
VIETNAM
PARTNERS
ASSOCIATES
TOTAL NO.
OF LAWYERS*
2015
RANK
FROM
2014
Tilleke & Gibbins
17
84
101
1
=
-1
Siam Premier
International Law Office
22
76
98
2
3
=
Baker & McKenzie
50
30
82
4
+3
Weerawong C&P
11
52
5
-1
Siam City Law Offices
10
47
2015
RANK
FROM
2014
1
+1
2
ASSOCIATES
TOTAL NO.
OF LAWYERS*
Vision & Associates
15
64
79
=
VILAF
12
44
56
3
=
YKVN
9
46
55
63
4
+3
LNT & Partners
8
34
42
57
5
=
Baker & McKenzie
8
26
40
6
20
36
LS Horizon Limited
10
40
53
6
=
Rajah & Tann
13
31
44
7
+3
Indochine Counsel
2
25
30
=
DLA Piper
8
33
41
8
NEW
Tilleke & Gibbins
2
26
28
=
Chandler & Thong-ek Law
Offices
11
26
40
9
-1
S&B LAW
7
20
27
10
-1
LuatViet Advocates &
Solicitors
5
20
25
11=
NEW
PBC Partners & RHTLaw
5
17
22
11=
-7
Phuoc & Partners
5
15
22
13
NEW
Rajah & Tann LCT Lawyers
6
14
20
14
NEW
Freshfields Bruckhaus
Deringer
2
14
18
15
NEW
Bizconsult Law
7
10
17
=
7
NEW
8
10
PARTNERS
FIRM
Bizlink Lawyers &
Consultants
6
9
FIRM
NEW
Watson Farley & Williams
(Thailand)
6
Co (106) by one lawyer. Wong & Partners
(74) and Raja, Darryl & Loh (65) both
jump two places up the table to #7 and
#9, respectively.
In the Philippines, SyCip, Salazar,
Hernandez & Gatmaitan is once again
the largest law firm with 149 lawyers.
ACCRALAW (127), Romulo Mabanta
Buenaventura Sayoc & De Los Angeles
(95), Picazo Buyco Tan Fider & Santos
(56) and Quisumbing Torres (51) make
up the rest of the largest five firms in
the Philippines. Siguion Reyna Montecillo
& Ongsiako (47) and V&A Law (45) both
climb one spot, while Puno & Puno Law
Offices (42) drops two places to #9.
Although business activity in Singapore
has been relatively flat in 2015, many expect deal flow and opportunities for legal
work to pick up in 2016, especially as the
AEC starts to promote greater economic
integration. With 367 lawyers, Allen &
Gledhill takes the crown as the largest
firm in Singapore for the third consecutive
year. Close behind is Rajah & Tann with
334 lawyers, including 144 partners in
24
30
Singapore. While Rajah & Tann features as
the second largest firm in Singapore, it is
the largest Singaporean firm in the Top 50
Asia table, due to its sizeable presence in
other parts of Asia. The firm has expanded
its presence in Southeast Asia, bolstering its offices in Vietnam and Thailand,
among others. It now boasts 430 lawyers
in Asia, and moves up one spot to #19 in
the Top 50 Asia table. WongPartnership
(302), Drew & Napier (275) and Rodyk &
Davidson (193) claim the #3, #4 and #5
spots, respectively.
With 96 lawyers, Baker & McKenzie.
Wong & Leow is the largest international
firm in Singapore. Withers (76) enters
the table in second place after it forged
a Formal Law Alliance with KhattarWong
in April, with the latter’s entire partnership joining the international firm. Clifford
Chance (76) drops down to #3, while Norton
Rose Fulbright (72) stands firm at #4, having added nine lawyers to its ranks since
September 2014. King & Spalding (17) and
DLA Piper (14) enter the Singapore table
this year, at the expense of Freshfields
Bruckhaus Deringer and Gibson, Dunn
& Crutcher.
In Thailand, Tilleke & Gibbins claims
the top spot with 101 lawyers, displacing
Siam Premier International Law Office (98).
Baker & McKenzie (82) retains its #3 position, while Weerawong C&P (63) jumps two
places to #4. Rajah & Tann (44) continues
its expansion drive in Asia, with the firm
entering the Thailand table in seventh.
Watson Farley & Williams (Thailand) is
also a new entrant with 30 lawyers.
Despite uncertainties over a slowdown
in growth in Asia, Vietnam has made several changes to its legal and regulatory
landscape in the hopes of encouraging
investment and M&A activity in the region.
Vision & Associates remains in the top spot
in Vietnam, with 79 lawyers – 16 more than
in 2014. VILAF (56) and YKVN (55) hold
on to the #2 and #3 places, respectively,
while LNT & Partners (42) jumps up three
spots to #4. This year, ALB has extended
the table from 10 to 15 firms, resulting in
a number of new entrants, including PBC
Partners & RHTLaw (22).
NOTE: In the instance where a law firm did not make a submission, figures were obtained either from the firm’s website, an official Law Society resource, or from last year’s submission.
*Total No. of lawyers is the total number of partners and associates, as well as other counsel, consultants and foreign counsel. Paralegals, trainees and pupils