Prospects for 2017 in the Asian legal market look positive, with dispute resolution and restructuring and insolvency work likely to remain strong, according to the head of Ogier's Hong Kong practice.
Nicholas Plowman, who founded Ogier's Hong Kong office in 2007, says that the Chinese market will remain strong over the next 12 months and that signs also point to an improvement in Japan.
Dispute resolution, corporate and asset management work remain the service lines that will be the strongest for the offshore law firms.
Advising Chinese Asset Managers
Plowman also expected the asset management industry in China to continue to evolve and grow as Chinese asset managers and brokerages look to build out their asset management platforms.
«We feel China will continue to be the strongest market for offshore law firms in the region next year and we would like to think that Japan's economy will turn a corner in 2017, with an uptick in new work coming through in their asset management space,» Plowman said.
In 2011 Ogier was the first offshore law firm to open an office in mainland China with a representative office in Shanghai.
