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Overview
Taiwan’s improved relationship with mainland China looks set to bring in a raft of work over the coming years. The market is predominantly export-reliant which caused a lull in work at a time when the credit crunch hit the global economy. Law firms note that this traditionally fiercely regulated market has softened somewhat in response and made potential investment in Taiwan more straightforward than in the past, and tourism has continued to foster new projects and real estate instructions.
The IP market is flourishing, and the newly established dedicated IP court has allowed firms more clarity with cases, and inspired confidence among foreign entities considering entry to Taiwan.
Although improved international relations signal that Taiwan’s legal market will open up, for the moment the four key players remain constant: Baker & McKenzie, Jones Day, Lee and Li, and Tsar & Tsai. Multinational firms continue to pick up cross-border work, while some niche firms have dedicated US lawyers based in Taiwan.
Other international firms with offices in Taiwan include JTJB Taipei, Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P., Orrick, Herrington & Sutcliffe LLP and K&L Gates. It is also worth noting that Puhua & Associates is now known as PricewaterhouseCoopers Taiwan.