Hear from our experts
The outlook for tech investment
Optimism for U.S. tech investment outlook
George Casey
Global Chairman of Corporate, Chairman of the Americas, New York
"What we are seeing in the U.S. tech M&A market is not just a surge in AI investment, but a fundamental reimagining of business models. Many companies are reorganizing their entire strategies around AI, recognizing its transformative power to drive growth, efficiency, and competitive advantage. With record funding and a sharp focus on integrating AI across operations, I expect this profound shift to underpin technology M&A for the rest of 2025 and beyond, even as companies navigate regulatory uncertainty and market volatility."
"We’re seeing creativity not just in technology but in dealmaking itself – in how transactions are structured, how value is measured, and how risk is allocated in this fast-changing market. The appetite for smaller, high-growth AI and digital infrastructure targets is creating new opportunities, while regulatory complexity is leading to more collaborative and cross-border approaches to M&A. Companies that can adapt to these dynamics will continue to unlock value in even the most challenging conditions."
Heiko Schiwek
Co-Head of U.S. M&A, New York
Elena Rubinov
Head of U.S. Infrastructure and Private Capital M&A, New York
"Investors hold significant dry powder and despite the geopolitical and economic headwinds are optimistic about the tech investment outlook in general and the U.S. in particular. As investors and corporates adapt to the new realities, we expect valuations to narrow and deal activity to pick up."
Digital infra a hot spot in the tech investment outlook for Asia
"Investment in digital infrastructure in Asia is surging, and sustaining the growth in data centres in the region will require operators to achieve scale, building or procuring data centres with adequate power, access to chips and financing."
Niranjan Arasaratnam
Global Tech Sector Leader, Corporate Partner, Singapore
AI boosting the European tech investment outlook
Lisa Chang
UK Co-Head of Technology Sector, Corporate Partner, London
"AI remains the engine of tech investment growth in 2025, as AI advances unlock opportunity across sectors. We anticipate robust investor interest and deal flow particularly in areas such as agentic AI, autonomous systems, dual-use technologies and enabling digital infrastructure."
The outlook for antitrust
Far-reaching remedies in U.S. antitrust enforcement
John Eichlin
Antitrust & Foreign Investment Partner, New York
"With continued momentum for robust antitrust enforcement, we expect to see enforcers further test the bounds of traditional antitrust theories and seek novel remedies to rewrite the rules of competition for Big Tech."
Heightened antitrust and merger control risk in China
"With a more interventionist approach from the Chinese authorities on antitrust and merger control issues and the use of enhanced regulatory powers, tech companies - especially those with advanced technologies - need to be prepared for both the procedural and substantive aspects of an investigation.”
Arthur Peng
Antitrust & Foreign Investment Partner, Beijing (Zhao Sheng Law Firm)
Europe’s evolving approach to merger control and antitrust enforcement
William Leslie
Global Tech Sector Leader, Antitrust & Foreign Investment Partner, Brussels
"As digital markets evolve, the EU is adapting its approach to new market realities and thinking about how merger control best promotes competition and innovation in the long-term as well as the short term. This could make global deals more achievable."
"We’re seeing a shift in merger control policy as the UK prioritises economic growth and seeks to attract investment. The CMA has less appetite to intervene in transactions where there is a limited nexus with the UK and where other regulators are involved."
Verity Egerton-Doyle
UK Co-Head of Technology Sector, Antitrust & Foreign Investment Partner, London
The outlook for AI
U.S. AI opportunities and risks abound
Ieuan Jolly
Partner and Chair: U.S. TMT/IP and Data Solutions, New York
"Agentic AI is set to fuel a market surge from $7.3 billion in 2025 to over $41 billion by 2030. But as regulatory frameworks shift and legal risks evolve, only businesses that combine bold innovation with rigorous risk oversight - and proactive management of compliance and governance - will capture the full economic upside."
Asia's strides in AI development and regulation
"As a multinational operating in China, it is possible to use AI products that you’ve developed in-house or procured outside China, within China.”
Alex Roberts
Head of China TMT, Partner, Shanghai
EU supporting safe innovation in AI
Sonia Cissé
TMT Partner, Paris
"In Europe there is now a culture of complex digital regulation that parties are used to navigating, and the new AI legal framework, is considered by many to be helpful in providing rules of the road for innovation”
The outlook for IP
The intersection of AI and IP in the U.S.
Shruti Chopra
IP Counsel, New York
“A growing number of AI licensing deals are enabling organizations to commercialize their content. Licensing structures are becoming more diverse, ranging from blanket licenses and tailored agreements to subscription-based frameworks and revenue-sharing models, reflecting the need for flexibility within the rapidly developing AI sector.”
Protecting and commercialising tech assets in Asia
"Commercialising tech assets in Asia requires tailored IP strategies for each market, and an in-depth understanding of both local legal frameworks and business practices."
Sher Hann Chua
IP Counsel (England & Wales), Registered Foreign Lawyer, Hong Kong SAR
Europe’s UPC is transforming global patent strategies
Julia Schönbohm
Global Tech Sector Leader, IP Partner, Frankfurt
"In a challenging climate where multinational companies need to make cost savings, we expect more tech companies to reassess their patent strategies and rather than litigating in the U.S., pursue an injunction from Europe’s UPC."
The outlook for crypto and digital assets
A new era for U.S. crypto and digital assets
Joshua Ashley Klayman
U.S. Head of Fintech and Head of Blockchain and Digital Assets, New York
"Perhaps for the first time since the industry’s inception, the U.S. is “open for business” for digital assets from a regulatory perspective - a message supported from the highest levels of U.S. government, with a pro-growth stance on tech, AI and crypto."
Increasing support for and interest in crypto and digital assets in Asia
"The tech provider that can offer a robust third party solution to the complex custody needs of digital assets has a winning solution."
Evan Lam
Financial Regulation and Structured Finance & Derivatives Partner, Singapore
EU/UK: navigating evolving regulation
Richard Hay
UK Head of Fintech, Derivatives and Structured Products Partner, London
"We are seeing a wave of M&A and broader corporate activity in the digital asset space as opportunities for strategic consolidation emerge on a backdrop of increasing regulatory clarity."
Meet the tech sector team
Tech sector team