When Oon Thian Seng and Bazul Ashhab set up a two-man shipping practice in 2002, not many would have expected then that T S Oon & Bazul would quickly grow into one of Asia’s leading shipping law firms.
Although trade volumes and financing work remain at low levels, maritime and shipping law firms in Asia aren’t necessarily thrown by the stormy weather.
Asia’s shipping legal services market may just be recession proof. While lawyers in other sectors are preparing for a slow-down, shippng practices are booming. But this not to say that changes are not looming large on the horizon.
As wet work drops off for shipping lawyers, ALB reports on how firms are repositioning themselves to win commercial and financing instructions