King & Wood Mallesons comes second, with its 'high-value work in the region' playing an important role, according to Acritas. Hertbert Smith Freehills is third. while Norton Rose Fulbright is fourth and is described as the 'fastest-rising brand' by Acritas. 

Cross-border

Firms which have international workflows - both within the Asia Pacific region and outside - are at an advantage in current market conditions, according to Acritas CEO Lisa Hart Shepherd. She said: 'This means that firms which can present local market knowledge, and depth and breadth of expertise in multiple territories, are going to offer comfort and value to clients, particularly those who are often unfamiliar with the markets themselves.' Source: Lawyers Weekly