Hong Kong IPO Boon Propels Move Toward ‘One-Stop’ Firms
Shearman & Sterling’s announcement last week that it has acquired a Hong Kong law practice again is spotlighting an ongoing debate among leading Wall Street firms about whether or not to go local in the red-hot market. Shearman has recruited Hong Kong-qualified partners Colin Law and Peter Chen from O’Melveny & Myers. Mr. Law, a veteran capital markets lawyer, had previously worked for U.K. firm Lovells before joining O’Melveny in 2006. He will serve as co-head of Shearman’s Hong Kong office, the firm said.
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