Roundup of the APAC Legal Landscape in 2016

Our research projects within the Asia-Pacific (APAC) region throughout 2016 generated a wealth of interesting data from across the team here at Edward Drummond. This has prompted many thought-provoking insights that we would like to share as part of our roundup of the APAC legal landscape in 2016, helping us to thinking about what may affect international law firms and their operations throughout 2017. In what was a particularly busy year where our Consulting team continued to grow, we worked across the globe on interesting and intricate pieces of research for some of the world’s top law firms, as well [...]

2017-01-18T15:41:13+00:00 January 18th, 2017|

Increasing Competition from Domestic Firms

A major theme arising from our 2016 research has been the increasing prevalence and sophistication of domestic/national law firms across the APAC region, and the potential challenge that this poses to international law firms operating in increasingly overlapping spaces. Many see that the so-called ‘Red Circle’ firms (i.e. Fangda, Haiwen, JunHe, KWM and Zhong Lun), in particular, have successfully institutionalised their businesses (see Catrin Griffiths’ ‘The Lawyer’ Article – ‘Chinese national firms need to learn a lesson in collaboration’), aligning their models to that of a more ‘traditionally structured’ firm and, in a similar way to some international firms, employ [...]

2017-01-18T14:46:23+00:00 January 18th, 2017|

The Rising Need for Fluent Mandarin Speakers or PRC Natives in the Greater China Capital Markets Space

Debt Capital Markets A number of sources have expressed concerned views on the Debt Capital Markets (DCM) space in APAC and particularly Greater China (excluding mainland China), emphasising its current ‘volatility’ and that the future outlook, certainly in the short term, appears challenging. However, in contrast, many others commented that the volume of issuances coming from mainland China has been fairly consistent, and a number suggested that this is likely to be the area of most growth moving forward*. Mandarin speaking capability is viewed as not just being important by our sources, but as being essential for DCM deals issued [...]

2017-01-18T14:46:41+00:00 January 18th, 2017|

Follow our Step by Step Guide to Hiring a Non-Executive Director

Hiring a non-executive director is one of the most important processes a business can go through. The right candidate can help a business grow effectively and develop the organisation. The wrong hire can result in internal conflict and inefficiencies. As a result, finding a way to hire the perfect non-executive director for your organisation should be high on your agenda. What is a Non-Executive Director? A Non-Executive Director (also known as an “NED”) is a part of the board of directors, without being an executive. They tend to stay away from the daily tasks and management and focus on strategy, [...]

2017-01-24T12:34:10+00:00 January 5th, 2017|

Tips for Hiring a Non-Executive Director

To ensure you get the most out of your new executive director, it’s worth checking you have created an actionable hiring plan. The benefits a great non-executive director can bring to your business is worth ensuring you spend the time to hire the right candidate. So how can you make sure you hire the right non-exec director? Leadership Qualities – An exec director needs to lead a company and as a result should show their ability to work with people. Look for someone who demonstrates a genuine interest and desire to collaborate with others, yet is not afraid to lead [...]

2017-01-24T13:47:57+00:00 January 5th, 2017|

Could your business benefit from an Interim Non-Executive Director?

An interim non-exec director is there to temporarily fill the gap of a non-exec director. Interim directors provide the expertise and guidance to help stabilise a company after movement on the board. Interim directors are usually experienced and there to steady the ship during turbulent times. Interim NEDs are often used to immediately replace a non-exec before a suitable replacement is found, or during times of sudden growth where guidance and support are required. During transitional periods, either because of growth or due to directors leaving, businesses are can be vulnerable and experienced leadership can be vital to ensure they [...]

2017-01-24T13:49:27+00:00 January 5th, 2017|

Step by Step NED Non-Executive Director Work Plan Template

Identifying what jobs a non-executive director will do will help ensure you can measure how successful the appointment has been. Not giving a director guidance on their role can lead to a lack of understanding and direction. The daily role of an NED will change from one organisation to another. The requirements of an NED need to be stated so potential candidates know what’s expected of them. We have outlined an example work plan template below. Leadership A non-exec shouldn’t be given tasks that will get in the way of their roles. A non-exec is there to lead an organisation [...]

2017-01-24T13:50:34+00:00 January 5th, 2017|

Non-Executive Director Checklist Template

As we reach a new era in business, a generation of leaders and executives are retiring. This is leaving holes and inefficiencies in organisations. To ensure your business is ready for a transition of new leadership, follow this checklist to make sure you’re prepared. If a proper transition plan is followed, the hiring of a new non-exec director can integrate very smoothly with little friction. For employing a non-exec director successfully, follow the checklist outlined below. Step 1 – Timing Allow plenty of time to transition between NEDs. Rushing anything in business is risky, especially something as important as transitioning [...]

2017-01-24T13:51:27+00:00 January 5th, 2017|

How to Interview a Non-Executive Director

Interviewing for a non-exec director is an important part of hiring a non-exec director. The interview is a chance for you to get to know each candidate and understand how they are likely to react to specific situations. This gives you the opportunity to find out which candidate is best suited to achieve the goals and aims you have set out. So what questions should you ask non-exec directors in the interview? You’ll want to ask a number of types of questions to get a good all round understanding of their capabilities. Personality Questions – It’s good to start an [...]

2017-01-24T13:52:19+00:00 January 5th, 2017|

Step by Step Process for Finding and Hiring a Non-Executive Director

Hiring an Executive Director can seem like a daunting task. It’s a vital process for businesses and the pressure to get it right means many businesses always find excuses for putting it off. By following this hiring process, you can break it down into manageable chunks. This will ensure you don’t get overwhelmed and can focus on finding the right candidate for your business. Step 1 – Outlining Company Pain Points To ensure a new non-exec director has targets and expectations to hit, it’s good to set out what pain points and issues the business is currently facing. Identifying the [...]

2017-01-24T14:00:40+00:00 January 5th, 2017|