Collecting and interpreting ‘soft’ data: A perspective on how to approach the generation and analysis of opinion based information, designed to support the answering of ‘market’ questions across professional services.

“Nature” is what we see— The Hill—the Afternoon— Squirrel—Eclipse—the Bumble bee— Nay—Nature is Heaven— Nature is what we hear— The Bobolink—the Sea— Thunder—the Cricket— Nay—Nature is Harmony— Nature is what we know— Yet have no art to say— So impotent Our Wisdom is To her Simplicity.                                               - Emily Dickinson One of my favourite memories of 2016 was witnessing a bee swarm for the first time. I was digging my allotment* when I heard what sounded like the distant rumble of a jet engine behind me. Thousands of bees were hovering in the sky just meters away. Sedately, the swarm [...]

2017-01-24T13:51:22+00:00January 24th, 2017|

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+00:00January 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+00:00January 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+00:00January 18th, 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+00:00January 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+00:00January 5th, 2017|

Non-Executive Director Transition Checklist Template

Periods of change at Board level can often be when organisations are at their most vulnerable. When leaders and non-executives retire or leave an organisation, it can create holes and inefficiencies within the existing workforce. To combat any loss of executive or non-executive talent, organisations can leverage succession plans to ensure they are prepared for any challenges during these times of transition. For help with executive or non-executive search, please don't hesitate to contact us here at Edward Drummond. The checklist below outlines 4 simple ways to start thinking about non executive succession planning. Step 1 – Timing NED transitioning requires [...]

2018-06-13T10:16:08+00:00January 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+00:00January 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+00:00January 5th, 2017|

Job Description Template for a Non-Executive Director

Finding the best candidate to fill your boardroom is crucial for the success of your business. This means ensuring you know what type of candidate you need. The best way to do this is to start with a job description that best reflects what you’ll need of the newly appointed non-executive director. Writing a Job Description for a Non-Exec Director Position Writing and distributing a job description for your non-exec director position is an important first step. Many businesses forget that a job description is essentially marketing material for your business. Potential candidates will begin to evaluate the personality of [...]

2017-01-24T14:02:54+00:00January 5th, 2017|