In the 1990s, the two Asian legal markets that mattered were China and Indonesia. Then came the '97 Asian financial crisis, and the ensuing slowdown saw many international firms close their Indonesia-focused practices. Now, Indonesia is booming -- but many law firms are proceeding cautiously, mindful of the traumas that came before.
December 08, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When U.S. law firms first started making major pushes into Asia in the 1990s, there were really only two markets that mattered.
“Fifteen years ago, our biggest practices were focused on China and Indonesia, and Indonesia was not a far second,” recalls Alan Schiffman, the Hong Kong-based head of the Asia energy practice for Skadden, Arps, Slate, Meagher & Flom.
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