Driven by its high-end technology manufacturing prowess, Taiwan’s GDP continues to expand, with the Taiwan Statistics Bureau projecting a 3.28% growth rate for 2015. Mainland China remains Taiwan’s main trading partner (two-fifths of the island’s exports go to the mainland) and there has been an improvement in cross-straits economic relations – championed by incumbent president Ma Ying-jeou, partly through the signing of a number of business pacts between the two countries.
These relatively benign market conditions continue to benefit the major transactional law firms in the region, with strategic M&A being fairly active.
Lee and Li is the largest local law firm by far, and is the undoubted market leader as a result of its strength and depth across the full spectrum of practice areas. Various other firms – including Tsar & Tsai Law Firm, Formosan Brothers Attorneys at Law and Formosa Transnational – have highly credible offerings across multiple practice areas and provide stiff opposition in select areas.
Several international law firms are also present in the country, including Baker & McKenzie, which has a robust presence in all practice areas. On a smaller scale, Jones Day has had a significant presence in the country since its establishment in 1990 and is particularly accomplished at representing international clients in cross-border mandates.
In addition to the country’s significant biotechnology and medical research industries, Taiwan has also established itself as one of the world’s leading exporters of high-end electronic components and products. Consequently, intellectual property matters generate a significant volume of work in the jurisdiction. Much of this is trade mark and patent filing and prosecution, which is undertaken by law firms and patent and trade mark firms, the most significant of these being Saint Island Group, TIPLO Attorneys-at-Law and Top Team International Patent & Trademark Office.
Firms in the spotlight
TSAR & TSAI LAW FIRM
Tsar & Tsai Law Firm is a Taiwan-based partnership engaged in the provision of legal services relating to all aspects of international and domestic business transactions, as well as dispute resolution and litigation. The firm was founded in 1965 by Ruchin Tsar and Paul C Tsai, and has grown to over 50 attorneys admitted to practice in various jurisdictions. It is one of the largest law firms in Taiwan and its team of 120 employees includes translators, paralegals and accountants.