Nassim Nicholas Taleb, the acclaimed author who famously introduced the idea of “black swan events” to the world, prescribes “antifragility” as an antidote to the rare, unexpected events that shock the world. “Antifragility is beyond resilience or robustness,” he writes. “The resilient resists shocks and stays the same; the antifragile gets better.” With the pandemic having wreaked havoc on businesses and economies the world over, it is perhaps a good time for some introspection on making your business shockproof.
As 2020 grinds to a close, there are sure signs of hope as pharma companies announce vaccines and governments make arrangements to administer them at scales the world has never seen before. The new year we are ushering in may well be more of the same, but we are at least certain of some light at the end of the tunnel.
Considering all that has come to pass this year, our cover story, Asia Business Law Survey Report 2020, tests the mood of the market to find out how law firms in Asia have handled the pressure? Many have adopted novel approaches to deal with the pandemic, and we explore which changes will remain and what will be cast aside when the crisis subsides.
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