Photo: David Handschuh/ALM Milbank Doubles Down in Hong Kong. Will Its New Strategy Pay Off?
While global firms that have relied on China-related work in Hong Kong are being impacted by the gradual decoupling of the U.S. and China, Milbank is thriving as it focuses on work in other parts of Asia.
September 13, 2021 at 06:43 PM
7 minute read
Law Firm Management
Over a six-month period, Milbank raided its Magic Circle rivals for five new partners in Hong Kong. The first of the quintet was Alex Tao, a capital markets partner at Allen & Overy who joined in June of last year. Then in January, John Bona and Davide Mencacci, from Linklaters, and Neeraj Budhwani and Andrew Whan, from Clifford Chance—all private equity and leveraged finance experts—defected to the New York-based firm.
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