April, the government amended the country’s FDI rules, which now state that FDI investments into India by an entity of a country that shares a land border with India, or when the beneficial owner of investment into India is in or is a citizen of such a country, can invest only under the government route. India also banned certain Chinese apps, including popular social media platforms TikTok and WeChat.
There has been a paradigm shift in the role of the new-age counsel. From being “just a lawyer,” the focus has shifted to “effectiveness” and “impact” as the differentiating factor. Today, the general counsel needs to be an effective business partner.
Big Four Singapore firm Drew & Napier has undergone something of a metamorphosis over the past year, with lateral hires, the setting up of a regional network, and a greater emphasis on technology. CEO Cavinder Bull SC talks to Asian Legal Business about the changes, and shares plans for what’s ahead.
What will the future of work look like? Indeed, what will the office of the future look like, particularly in the aftermath of the pandemic? These are questions that law firms, among other businesses, will likely be grappling with over the coming months and years. And with COVID leaving workplaces empty for prolonged periods, firms using this time to relook at their needs and options when it comes to workspaces.
The pandemic has so far had a broadly negative impact on businesses across the region, but surprisingly, the period has also seen a number of law firms open in various Asian markets. Their founders say they are using this period of upheaval as a time to start afresh, establishing new operations with energy and a determination to do things differently.
With redundancies, pay cuts and the odd ﬁrm closing shop in Asia, lawyers in private practice face prolonged uncertainty. But while many ﬁrms are playing it safe and avoiding any additional costs, there are still a few that are hiring, and doing so strategically.