date: 17-08-2015 10:28:06
Phuoc & Partners honoured to participate in establishing the LawTeam Alliance
Ho Chi Minh City, 13 August 2015 marks a momentous day for the local legal market in Vietnam, as five Vietnamese law firms band together to create the first law firm alliance, called the LawTeam Alliance (LTA).
LTA is not a new legal platform; it operates solely on a goodwill basis built on fair competition and is a cooperative alliance comprising leading firms across the country: Bross & Partners, Luật Việt, Phước& Partners, Rajah& Tann LCT, Lawyers và VLT Lawyers.. The alliance brings together more than 200 legal professionals with the core mutual aim of furthering the development of the local legal market.
Initiatives include a pooling of internal resources, collective team building activities and training sessions, which tap into each member’s core strengths; to further bolster each member firm’s performance and enhance professionalism in the legal industry and diversify legal services to clients. All these initiatives are aimed at bringing further benefits to clients and each LTA member.
“We are still in our initial stage, but growth is anticipated. Further tie-ins with other major local law firms are in the works and with time, the alliance is expected to develop into a promising model of cooperation for the legal business in the country”. Said Mr Luong Van Ly, LTA Senior Advisor.
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"...this firm is warmly recommended by sources for the extent of its corporate, tax and accounting expertise. The banking and finance practice draws plaudits for its strong representation of real estate sector clients in their financings with local banks. Founding partner Phuoc Huu Nguyen is a standout name within this team." www.chambersandpartners.com
Phuoc & Partners ‘responds on time, provides appropriate advice, has deep knowledge of local laws, and good communication skills...'
...Managing partner Nguyen Huu Phuoc is ‘particularly good, being knowledgeable about local laws, a good communicator, and quick to respond’.
"...these firms have best been able to turn clients’ changes in attitude to their advantages..."
"...In an enviroment where the routine work is no longer up for grabs and only the most complex or specialist work will be outsourced, it is those law firms who pitch their tax skills in these areas that will succeed..." www.asia.legalbusinessonline.com