Norton Rose partner joins Cleary to head up new Hong Kong law practice
Cleary Gottlieb Steen & Hamilton is set to launch a Hong Kong law practice next year with the hire of Norton Rose's China corporate finance head. Freeman Chan will join Cleary to lead the new practice early next year, when the US firm intends to start practising local law. The practice will focus on Hong Kong-listed initial public offerings, capital market transactions, private equity and M&A.
December 02, 2010 at 08:46 AM
2 minute read
Cleary Gottlieb Steen & Hamilton is set to launch a Hong Kong law practice next year with the hire of Norton Rose's China corporate finance head.
Freeman Chan will join Cleary to lead the new practice early next year, when the US firm intends to start practising local law.
Chan has advised on several recent Hong Kong initial public offerings (IPOs), including Sihuan Pharmaceutical's $741m (£477m) listing in October and the $450m (£290m) IPO of China Modern Dairy in November.
The new practice will focus on Hong Kong IPOs, capital market transactions, private equity and M&A.
The firm currently has 40 lawyers across its Hong Kong and Beijing offices, 17 of who will be Hong Kong-qualified when Cleary launches the practice.
Cleary managing partner Mark Walker said: "We are excited that Freeman, an acknowledged market leader, will join us to lead our Hong Kong law practice.
"Adding Hong Kong law capability to our existing, successful Asia practice is a natural and important extension of our firm's global business model, which combines strong local law and international law practices around the world."
Capital markets and M&A partners Clay Johnson and Megan Tang and associate Michael Preston will also be working to develop the new practice. Preston was promoted to partner this month, effective 1 January 2011.
Cleary is the latest major law firm to target local law in Hong Kong, after Davis Polk & Wardwell launched a practice in August this year, a move which was quickly followed by the hire of the Beijing office heads of both Freshfields Bruckhaus Deringer and Linklaters.
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