Hogan Lovells named seventh most innovative law firm in Asia-Pacific by the Financial Times

Hogan Lovells named seventh most innovative law firm in Asia-Pacific by the Financial Times

Press releases | 17 May 2021

Hong Kong, 17 May 2021 – The Financial Times (FT) has ranked Hogan Lovells as one of the top ten most innovative law firms in Asia-Pacific; the firm ranked seventh overall in the 2021 FT Innovative Lawyers Asia-Pacific report, released 14 May, while the firm scored highly for data and tech and driving digital strategy.

This year the Financial Times had a strong focus on celebrating sustainability and collaboration.  In addition to a top ten ranking, the firm was shortlisted across three categories including:

  • Most Innovative Law Firm
  • Moving the Market
  • Sustainability

Mark Parsons, who heads the firm’s Asia-Pacific region regulatory practice, was commended in the FT’s “Moving the Market” category, which the report highlighted that those firms at the top are all becoming “future-ready” law firms.”

It said: “Partner Mark Parsons worked with the Hong Kong Association of Banks to create a new regulatory framework for the use of application programming interfaces (APIs) in the financial services sector in Hong Kong. The framework is designed to create a collaborative and flexible contract-based open banking regulatory system, allowing banks and API users to compete to introduce more services and products.”

The firm further featured in the report for our sustainability efforts and as a case study for best in practice, highlighting our client work to devise flexible contracts for Netherlands-based environmental non-profit organisation The Ocean Cleanup.

Regional Managing Partner for Asia-Pacific, Lloyd Parker, commented: “We are honoured to be recognized by the Financial Times Innovative Lawyers awards series to be one of the top 10 most innovative law firms in Asia-Pacific. Our Asia Regional Practice strives to innovate, and to create an environment and culture that supports our firm strategy. We know our clients place high value on innovation, and we continue to find ways to deliver innovative service to our clients. Being shortlisted by the Financial Times in Asia-Pacific for our innovation as a business, our work on sustainability and supporting clients on moving markets which demonstrates our commitment to our clients.”

Last year the firm was ranked by the FT as the second most innovative law firm in Europe, and fourth in North America, and commended for our digital strategy and diversity and inclusion efforts.

The FT Innovative Lawyers Asia-Pacific report has become one of the top legal rankings in the region. Over the past fifteen years the FT has assessed legal innovation in over 50 countries from over 400 law firms and 400 in-house legal departments. The Financial Times Innovative Lawyers report is published in conjunction with RSG Consulting.