Top Legal Services Companies in Vietnam

The legal services industry in Vietnam plays a critical role in supporting the country's economic growth and development. The industry's success is linked to the growth of Vietnam's economy and the increasing demand for legal services in the country. In this article, we will analyze key statistics from 2022, factors contributing to the industry's growth and success, each industry's growth and comparison to previous years, key trends, challenges, and the future outlook.

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ASL LAW14 +84 94 507 38 66

#ASLLAW: VIETNAM LAW FIRM - Law in Vietnam, ASEAN & 22 CountriesASL Law, a full-service #VietnamLawFirm, includes Associates of Successful Lawyers from Vietnam and other countries where Vietnamese enterprises has trading relationship. Our main purpose is to provide the most practical, efficient and lawful advice or legal services to clients.HO ARE ASL LAW’S CLIENTS?Our clients include:Both local and foreign enterprises doing business in VietnamVietnamese Clients doing business overseaWHO IS MANAGING PARTNER AND FOUNDER OF ASL LAW?ASL Law Firm was established by LLM Lawyer Pham Duy Khuong. Lawyer Pham Duy Khuong is ranked as the leading lawyer in Vietnam by ASIA LAW, Legal500 from for consecutive years from 2012.WHAT FEATURES ASL LAW FIRM?The following features make ASL Law Firm become the most recommended law firm in Vietnam for enterprises:- Shortening the time of finding lawyers for clients. Immediately connecting Vietnamese enterprises with our selected foreign lawyers when they do business abroad.- ONE inquiry from clients receive TWO independent advices from our two lawyers, if required. Clients do not need to shop around. Our two lawyers shall independently send the clients their separate legal proposal. Then, after receiving the advices, the clients shall select their suitable lawyer.- Saving our clients budgets due to our strong constraints between our lawyers.Providing full legal services to clients- Creating bridge between clients and successful lawyers- Acting like in-house lawyers for enterprises- At least two experienced and senior lawyers in each legal field provided by ASL Law firm.WHAT SERVICES DO ASL LAW PROVIDE?- Corporate Law- Litigation & Dispute Resolution- Intellectual Property Law- Doing Business in Vietnam- Open Company in Vietnam- Oversea Investment for Vietnamese Enterprises- Franchise in Vietnam- Contract Drafting And Reviewing- Banking & Financial Law- Marriage & Family Law- Employment and Labour Law

KELVIN CHIA PARTNERSHIP67 +65 6220 1911

As legal pioneers in Asia, Kelvin Chia Partnership brings together international expertise and local reach with an established network of offices. Headquartered in Singapore, our offices are also located in Shanghai and key ASEAN cities – Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Mandalay, Phnom Penh and Yangon.Our cultural fluency – built on deep local roots and strong relationships – ensures a seamless service across multi-jurisdictional legal processes. We have an excellent track record of solving the most complex legal challenges, working within a wide range of industries, from cross-border transactions to local contracts, IP and litigation.Clients tell us they value our pragmatic advice, partnership approach and ability to deliver innovative commercial solutions that solve today’s legal challenges across the region.We have been a pioneer across each of our markets, in particular being amongst the very first law firms to open in Vietnam and Myanmar.In each market, we have grown from our practical experience on the ground over the years. Having established strong relationships with local authorities and the business communities, we have a solid foundation for servicing clients.This platform provides a keen understanding of clients’ business objectives. We strive to provide value and if required, work side-by-side our clients to proactively assist in identifying and generating new business opportunities.Our firm has an unparalleled reputation for project execution and delivery, especially when legal structures are challenging and evolving. We think out of the box and provide innovative solutions around barriers or issues, ensuring that the correct legal solution is provided.

K&L GATES4,745 +65 6507 8100

At K&L Gates, we foster an inclusive and collaborative environment across our fully integrated global platform that enables us to diligently combine the knowledge and expertise of our lawyers and policy professionals to create teams that provide exceptional client solutions. We marry process with vision, success with dedication, method with passion, and innovation with creativity. The outcome: The K&L Gates Experience. Located across five continents, we represent a broad array of leading global corporations in every major industry, capital markets participants, and ambitious middle-market and emerging growth companies. We also serve public sector entities, educational institutions, philanthropic organizations, and individuals. Our lawyers counsel clients on their most sophisticated legal challenges in all areas of corporate and regulatory law as well as litigation.We are leaders in legal issues relating to industries critical to the economies of both the developed and developing worlds—technology, manufacturing, energy, transportation, telecommunications, financial services, and life sciences, among others.#KLGates

DLA PIPER12,863 +65 9126 4607

DLA Piper is a global law firm capable of taking care of the most important legal needs of clients wherever they do business. With offices throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, we represent more clients in a broader range of geographies and practice disciplines than virtually any other law firm in the world. Our lawyers have wide experience in arbitration, banking, competition and trade, as well as corporate crime and corporate finance. We have strong practices in employment, energy, hospitality and leisure, insurance, intellectual property, litigation, mergers and acquisitions and have developed key teams in pensions, private equity, real estate, tax, and technology. Attorney Advertising. To view our legal notices, please visit: www.dlapiper.com/legalnotices

LNT & PARTNERS106 +84 24 3824 8522

LNT & PARTNERS (“LNT”) is a major full-service independent Vietnam law firm, which focuses on advisory and transactional work in the areas of corporate and M&A, competition, pharmaceutical, real estate, infrastructure and finance as well as complex and high-profile litigation and arbitration matters. The firm is among Vietnam’s most prominent, representing a wide range of multinational and domestic clients, including Fortune Global 500 companies as well as renowned Vietnamese listed companies.LNT has set a high benchmark for providing highly innovative and effective legal services. In 2016 & 2015, it was the only firm based in Vietnam listed among 25 Asian law firms as FT25 - Innovative Lawyers by Financial Times. In 2014, it was awarded Vietnam Deal Firm of the Year by Asian Legal Business (ALB), a Thomson Reuters Company. Through its continued success in negotiating complex deals and resolving high-stakes disputes, the Firm is widely recognized for its legal prowess in both transactional and litigation matters.LNT & Partners maintains a highly-qualified team of over 60 professionals with international experience and connections. Together, we bring a wide diversity of legal and business experience from public to private practice. Our team is distinctive in our commitment in creating pragmatic solutions that bridge the gap between law and commercial reality. Our lawyers have received accolades from leading legal publications, including Legal 500, IFLR1000, Chambers Global, AsiaLaw and Asian Legal Business. LNT & Partners’ headquarters are located on Level 21 of the Bitexco Financial Tower, the tallest building in Ho Chi Minh City situated right in the heart of the Central Business District. Our Hanoi branch is located on Level 12 of Pacific Place, a world-class building strategically situated in the center of Hanoi.

LUTHER RECHTSANWALTSGESELLSCHAFT MBH748 +60 3-2166 0085

Luther is a leading German commercial law firm that offers comprehensive legal and tax services. The full-service law firm, which has been awarded by JUVE as “Law Firm of the Year 2019”, employs more than 420 lawyers and tax advisors and is represented at 10 German economic centres and at 10 important investment locations and financial centres* in Europe and Asia. Our clients are medium-sized enterprises and large corporations, as well as the public sector.Luther works closely with other commercial law firms in all the prevailing jurisdictions worldwide. On the Continent, Luther is part of a group of independent leading law firms who have worked together for many years on joint cross-border projects.Luther Rechtsanwaltsgesellschaft mbH is a law firm with a business approach: our innovative awareness aspires us to provide our clients with customised legal advice that addresses individual needs and delivers the greatest possible economic benefit. Our lawyers and tax advisors have a solid understanding of interdisciplinary matters and a wealth of experience in collaborating on complex tasks. Further information is available at: www.luther-lawfirm.com * including corporate services

LUTHER SINGAPORE73 +60 3-2166 0085

Luther is one of the top addresses among German-based full-service law firms. Our lawyers and tax advisors support our clients out of our ten German and ten international offices in all areas of corporate and commercial law and related tax aspects. Our overarching aim is to provide thorough but yet efficient and business-oriented advice.In Singapore, we are active via both Luther LLP and Luther Corporate Services Pte Ltd, collectively providing a “one-stop shop” solution for all our clients.

PCA CORPORATE SERVICES16 +84 90 909 04 15

PCA – Corporate Services is the most trusted and most reliable Partner in Vietnam when it comes to corporate secretary services (company incorporation, legal, compliance, …), tax & accounting and crisis management. We serve local clients but support international businesses as well. PCA-CS acts as a business facilitator, we enable individuals, groups and organizations to work more effectively; to collaborate with the local actors and authorities to achieve synergy. We can assist clients at all stages of their market entry and expansion in Vietnam. We offer world-class clients business advisory, incorporation and outsourcing services enabling them to focus on their core business functions without dealing with the legal, accounting, tax and administrative aspects of their company. If your business does not require setting up a company in Vietnam, our other servicing such as company staffing, sourcing, corporate secretary and compliance services will be your point of entry into the very promising Vietnamese market.

LOD609 +65 6326 0200

We help legal leaders build teams their businesses love – strategic, responsive and ready for anything.With our world-class people, services and tech, we help them supercharge their output without the burnout.We help them deal with today’s challenges, plan for tomorrow and make their ideas for the future happen.At the same time, we help legal professionals, who don’t want to deal with office politics and scraping by on your annual leave, practise law more flexibly and happily.

NORTON ROSE FULBRIGHT8,567 +65 6309 5318

We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3,500 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East and Africa.Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy, infrastructure and resources; consumer markets; transport; technology; and life sciences and healthcare. Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.

WHITE & CASE LLP7,241 +65 6225 6000

White & Case is a global law firm with longstanding offices in the markets that matter today. Our on-the-ground experience, our cross-border integration and our depth of local, US and English-qualified lawyers help our clients work with confidence in any one market or across many. We guide our clients through difficult issues, bringing our insight and judgment to each situation. Our innovative approaches create original solutions to our clients’ most complex domestic and multijurisdictional deals and disputes.By thinking on behalf of our clients every day, we anticipate what they want, provide what they need and build lasting relationships. We do what it takes to help our clients achieve their ambitions.Engaging with White & Case on LinkedIn: https://www.whitecase.com/privacy-policyAttorney Advertising. Prior results do not guarantee a similar outcome.

LNT & PARTNERS24 +84 24 3824 8522

LNT & Partners is a major Vietnam law firm with strong international practices and experiences. The Firm is recommended by Chambers Asia, Legal500 and Asialaw in the field of banking and finance, corporate and M&A, dispute settlement, real estates and infrastructures.During 2008 - 2009, its lawyers established a joint venture law firm with two mega law firms . LNT & Partners became a local law firm later, and still keep best friend relationship with many major international law firms accross the region and in the world.LNT is the only law firm in Vietnam that was awarded FT25 Innovative Lawyers three times 2015, 2016 and 2019 by Financial Times, and one of the three Vietnam law firms awarded Law Firm of the Year by ALB Thomson Reuters at least two times 2014 and 2019.In 2019 LNT becomes the second Vietnam law firm that opened a law office in Singapore.A comment from a major client in Japan about LNT and its lawyers:Their legal opinion is very clear, precise and very informative which I appreciated very. Based on the suggestion shown in the legal memo by LNT, I started discussion with the team to write letter for actions. The authorities understood and act exactly same as we are instructed from LNT. I judge that LNT is very much reliable and we can trust them from above facts.

BAKER MCKENZIE11,767 +65 8134 6140

Integrated legal solutions to complex business challenges.The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law. A connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice underpinned by deep practice, sector expertise, and first-rate local market knowledge. Armed with Baker McKenzies insight and foresight, business leaders can feel confident driving sustainable – and inclusive growth.Learn more: https://www.bakermckenzie.com/en/expertise/solutions-connected-worldContent may include attorney advertising.

ALLENS1,975 +65 6535 4855

Allens is a leading international law firm with a long and proud heritage of shaping the future for our clients, our people and the communities in which we work. From playing a pioneering role in the development of legislation and regulatory frameworks in the Asia region for 200 years, to acting on numerous firsts across a range of industry and community issues, it is in our DNA to make a difference and help shape what our world looks like. Over this time, weve grown in scale and reach, today offering clients a global network of 41 offices in 26 countries through our global alliance with Linklaters. We are privileged to hold some of the worlds longest ongoing client relationships, stretching back more than 170 years. Now, just as it has always been, were committed to bringing our talent, expertise and insights to continue solving their toughest problems and creating ways forward to help them thrive. New and exciting market entrants sit alongside these established companies in our client base, drawn to working with us through the innovative re-packaging of our services for the growing and fast paced startup market.

ALLEN & OVERY7,720 +65 6671 6000

Allen & Overy is a global law firm that helps the world’s leading businesses to grow, innovate and thrive. For almost a century, we have built a reputation for our commitment to think ahead and bring original solutions to our clients’ most complex legal and commercial challenges. At a time of significant turbulence in the business world, we are determined to help our clients embrace change, confidently expand into new markets and keep on top of ever-more complicated regulatory frameworks.To do this, we will harness our global strength and local knowledge. We will drive towards our vision to become the worlds most innovative law firm. And we will continue to create an environment where the brightest minds can flourish.Content on this page is general information only and not advice allenovery.com/terms

CLIFFORD CHANCE7,789 +65 6410 2271

We are one of the worlds largest law firms with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, we pride ourselves on our approachable, collegiate and team based way of working.We always strive to exceed the expectations of our clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not for profit organisations. We provide them with the highest quality advice and legal insight, which combines the Firms global standards with in-depth local expertise.Many of the worlds leading organisations look to Clifford Chance not just for legal expertise but for advice on business critical issues.

BIRD & BIRD3,134 +65 6534 5266

Bird & Bird is an international law firm with a focus on helping organisations being changed by technology and the digital world. With over 1400 lawyers in 31 offices across Europe, the Middle East and Asia-Pacific, were ready to help you wherever you are in the world.If youd like to know more about the type of work we do for our clients, please take a look at the relevant sector or practice page for industry news, know-how, and relevant contacts: https://www.twobirds.com/en/insightsIf youd like know more about how we work with our clients, please take a look over at our Client Solutions page.Find out more about us at: https://www.twobirds.com/en/about/about-us-video

HOGAN LOVELLS7,056 +65 6538 0900

Straight talking. Thinking around corners. Understanding and solving the problem before it becomes a problem. Performing as a team, no matter where we’re sitting. Delivering clear and practical advice that gets your job done. Our 2,600+ lawyers work together with you to solve the toughest legal issues in major industries and commercial centers around the world. Whether you’re expanding into new markets, considering capital from new sources, or dealing with increasingly complex regulation or disputes, we help you stay on top of your risks and opportunities.A fast-changing and inter-connected world requires fresh thinking combined with proven experience. Thats what we provide. Progress starts with ideas. And while imagination helps at every level, our legal solutions are aligned with your business strategy. Our experience in cross-border and emerging economies gives us the market perspective to be your global partner. We believe that when knowledge travels, opportunities arise.Our team has a wide range of backgrounds. Diversity of backgrounds and experience delivers a broader perspective. Perspectives which ultimately make for more rounded thinking and better answers for you. Giving back to communities and society is fundamental to good business. And, it’s part of our core. We are advocates of justice, equality, and opportunity.Columbia Square555 Thirteenth Street, NWWashington, DC 20004United StatesAtlantic House Holborn Viaduct London, EC1A 2FG United Kingdom

SINGAPORE INTERNATIONAL ARBITRATION CENTRE399 +65 6713 9777

Since commencing operations in 1991 as an independent, not-for-profit organisation, SIAC has established a track record for providing best in class arbitration services to the global business community. SIAC arbitration awards have been enforced in many jurisdictions including Australia, China, Hong Kong SAR, India, Indonesia, Jordan, Thailand, UK, USA and Vietnam, amongst other New York Convention signatories. SIAC is a global arbitral institution providing cost-competitive and efficient case management services to parties from all over the world. SIAC’s Board of Directors and its Court of Arbitration consists of eminent lawyers and professionals from all over the world. The Board is responsible for overseeing SIACs operations, business strategy and development, as well as corporate governance matters. The Court’s main functions include the appointment of arbitrators, as well as overall supervision of case administration at SIAC. SIAC has an experienced international panel of over 400 expert arbitrators from over 40 jurisdictions. Appointments are made on the basis of our specialist knowledge of an arbitrators expertise, experience, and track record. SIAC’s panel has over 100 experienced arbitrators in the areas of Energy, Engineering, Procurement and Construction from more than 25 jurisdictions.The SIAC Rules provide a state-of-the-art procedural framework for efficient, expert and enforceable resolution of international disputes of all sizes and complexities involving parties from diverse legal systems and cultures. SIAC’s full-time staff manage all the financial aspects of the arbitration, including:• Regular rendering of accounts• Collecting deposits towards the costs of arbitration• Processing the Tribunals fees and expenses SIAC supervises and monitors the progress of the case. SIAC’s scrutiny process enhances the enforceability of awards. SIAC’s administration fees are highly competitive.

VILAF120 +84 28 3827 7303

VILAF is a first tier law firm in Vietnam (as ranked by IFLR, Legal 500, Asialaw and Chambers) and one of the largest law firms in Vietnam primarily serving foreign investors and financial institutions in the Vietnam market.With more than 20 years of experience in Vietnam, with a team of senior lawyers who have worked with the Government in the development of Vietnamese business and investment laws for years, we have the insights to the interpretation of the laws and policies. We also have lawyers qualified to practice laws in other countries, including UK, US, Japan, and the Phillippines, and who have extensive international legal practice experience.Our approach is client-focus and solution-oriented. We cut through complexity to provide clear and insightful answers. We will not stop until a solution is found, if any exists.VILAF is a full-serviced law firm, dedicating to many clients who have been working with us for many years, among Ford, Philip Morris, Shell, BNP Paribas, Sumitomo Corporation, Citibank, SMBC, ANZ, Mizuho Corporate, BTMU, etc. Our clients remarks about VILAFAsia Legal Pacific 500 – The Clients Guide to the Best Law Firms“VILAF produces highly sophisticated work” and “the excellent team at VILAF holds its own against competitors.” (2014 Edition)Chambers Asia “[VILAF] was extremely responsive and were able to provide sound legal advice in a changing market. VILAF is “consistently considered one of the top firms in Vietnam.” (2014 Edition) IFLR1000 – The Guide to the World’s Leading Financial Law FirmsRivals agree that VILAF provides excellent counsel (2009 Edition)“VILAF is extensively knowledgeable, has expertise and is innovative in providing advice on legal issues of Vietnam.” (2013 Edition)

Top Legal Services Companies in Vietnam

Key Statistics from 2022:

According to data from the Vietnam Lawyers Association, the legal services industry in Vietnam achieved remarkable growth in 2022, with a total revenue of around $1.5 billion, contributing approximately 0.5% to the country's GDP. The industry generated employment opportunities for approximately 70,000 people, accounting for around 0.1% of Vietnam's total workforce.

Factors Contributing to Growth and Success:

One of the primary factors contributing to the growth and success of the legal services industry in Vietnam is the country's economic growth and development. As the economy grows, the demand for legal services increases, particularly in areas such as mergers and acquisitions, intellectual property, and dispute resolution.

Another significant factor contributing to the industry's growth is the government's commitment to legal reform and international integration. The government has launched several initiatives to promote legal reform, including streamlining legal procedures and increasing transparency. The government has also prioritized international integration, which has led to an increase in cross-border transactions and a corresponding increase in demand for legal services.

Each Industry's Growth and Comparison to Previous Years:

The legal services industry in Vietnam is divided into several sub-industries, including corporate law, intellectual property law, dispute resolution, and international law. In 2022, the corporate law industry achieved a growth rate of approximately 8%, while the intellectual property law industry grew by around 7%. The dispute resolution industry, which includes arbitration and mediation, grew by approximately 6%, and the international law industry grew by around 5%.

The growth rates of each sub-industry in 2022 represent a significant increase compared to the previous year. In 2021, the corporate law industry grew by 6%, while the intellectual property law, dispute resolution, and international law industries grew by 5%, 4%, and 3%, respectively. These figures demonstrate the industry's overall growth and success and indicate the potential for continued growth in the future.

Key Trends:

The legal services industry in Vietnam is witnessing several key trends that are contributing to its growth and success. One of the most significant trends is the adoption of technology to improve efficiency and reduce costs. Law firms and legal services providers are increasingly using technology, such as artificial intelligence and machine learning, to automate routine tasks and provide more efficient services.

Another key trend is the emphasis on international standards and best practices. As the country becomes more integrated into the global economy, there is increasing demand for legal services that are aligned with international standards and best practices.

Challenges:

Despite the industry's growth and success, there are several challenges that must be addressed to ensure sustained growth. One of the most significant challenges is the shortage of skilled lawyers. The industry requires a highly skilled workforce, but there is a significant shortage of qualified lawyers, particularly in specialized areas such as intellectual property law and international law.

Another challenge is the lack of legal awareness among the general population. Many Vietnamese people are not familiar with their legal rights and obligations, which can lead to legal disputes that could have been avoided with proper legal advice.

Future Outlook:

The future outlook for the legal services industry in Vietnam is positive. The government's commitment to legal reform and international integration, combined with the industry's adoption of technology and international standards, creates a promising environment for continued growth. However, addressing the shortage of skilled lawyers and promoting legal awareness among the general population will be critical to sustaining this growth.

Moreover, the industry will need to adapt to changing market trends and customer preferences. As the country becomes more integrated into the global economy, there will be an increasing demand for cross-border legal services. In addition, there is growing demand for legal services that are aligned with sustainable development practices.

Conclusion

In conclusion, the legal services industry in Vietnam plays a vital role in supporting the country's economic growth and development. The industry's success can be attributed to the country's economic growth, the government's commitment to legal reform and international integration, and the industry's adoption of technology and international standards. While there are challenges to overcome, the future outlook is positive, and continued growth is expected. As the industry adapts to changing trends and customer preferences, it will be critical to address the shortage of skilled lawyers and promote legal awareness among the general population to ensure sustained growth. Additionally, the industry will need to keep pace with the increasing demand for cross-border legal services and legal services that align with sustainable development practices.

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By Melissa Goh
Published on 31 May 2023