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International Edition

Clayton Utz pulls out of Hong Kong to focus on domestic practice

Clayton Utz has announced plans to end its association with Hong Kong firm Haley & Co from June this year in order to focus on its domestic practice.
3 minute read

International Edition

CC and Freshfields advise on Temasek's $5.7bn investment in Hong Kong retailer

Clifford Chance and Freshfields Bruckhaus Deringer are advising on Singapore investor Temasek's purchase of a 24.9% stake in Hong Kong retailer A.S. Watson for $5.7bn.
2 minute read

International Edition

Simmons and Hogan Lovells Tokyo energy heads join Pillsbury

US law firm Pillsbury Winthrop Shaw Pittman has ramped up in Japan with the hire of local practice heads from Simmons & Simmons and Hogan Lovells.
2 minute read

International Edition

BLP eyes Indonesia move as part of South East Asian growth plan

Berwin Leighton Paisner is understood to be considering a tie up with a local firm in Indonesia as part of its wider plan to tap emerging markets via its new BLP Asia network. The firm, which recently formed an alliance with Legal Network Consultants (LNC) in Myanmar, is keen to boost the amount of work coming from existing clients whilst also acquiring new mandates in fast-growing countries where interest from multinationals is mounting.
3 minute read

International Edition

Stephenson Harwood tightens alliance with Singapore firm

Stephenson Harwood has received approval to establish a Formal Law Alliance (FLA) with its Singapore partner Virtus Law, giving it a stronger foothold in the local market. The top 30 firm, which first opened its Singapore office in 1996, will now be able to offer a full service, integrated legal practice in the city state, with co-branding, joint billing and the sharing of offices premises.
2 minute read

International Edition

Transfer Window Asia: recent moves including Reed Smith, HSF and Clifford Chance

Reed Smith Richards Butler in Hong Kong has brought on board shipping counsel Terry Floyd from Ince & Co. He focuses predominantly on admiralty and casualty work, and is the lastest addition to the Asia-wide shipping group, which has grown in the past two years in response to increased activity in the market.
6 minute read

International Edition

Sullivan joins Simpson Thacher on Alibaba New York IPO

Sullivan & Cromwell has been appointed to act alongside Simpson Thacher Bartlett on the US initial public offering (IPO) of Chinese e-commerce giant Alibaba. Sullivan has taken a role advising the sponsors on the listing, which Alibaba confirmed last week would take place in the US. The internet giant chose not to list in Hong Kong due to rules in the Asian financial hub which prevent managers from having more voting rights than normal investors.
2 minute read

International Edition

Latham promotes six counsel to partnership across US, Europe and Asia

Latham & Watkins has further boosted its partnership ranks with the promotion of six counsel across the US, Europe and Asia. The promotions, effective March 1, are part of the US firm's annual promotions round, which in January saw 20 associates made up to partner and 24 lawyers elected as counsel. In Asia, the firm has selected Posit Laohaphan in Hong Kong and Andrew Roche in Singapore, who respectively specialise in capital markets and project finance work.
2 minute read

International Edition

Milbank still has big plans for Asia despite bucking trend by giving up local HK practice

When Slaughter and May cast aside 125 years of tradition to make its first lateral partner hire in Hong Kong earlier this year it said something about the market in the Asian city. But as growing numbers of firms – both UK and US – pile into the region or bolster their ranks in a bid to capture a share of the coveted market, competition for talent, work and on fees is immense. Against this backdrop it is unsurprising that some firms are now reappraising their strategy, with it emerging this week that Milbank Tweed Hadley & McCloy is planning on winding up its local practice in the city. Having had a Hong Kong law practice for less than four years, the suggestion is that the firm is refocusing on international work and looking to adopt a similar model to the one it employs in Singapore, where it partners with top-tier local firms rather than hiring its own local lawyers. Given Milbank's profitability and the recent hires of two senior partners from Allen & Overy (A&O) in Hong Kong and Japan, as well as this week's capture of Stephenson Harwood aviation finance head Paul Ng in Singapore, the firm certainly seems to be evolving rather than downsizing.
4 minute read

International Edition

Manulife Financial appoints new general counsel to succeed Jean-Paul Bisnaire

Canadian insurance giant Manulife Financial is to promote its general counsel for Canada, Stephen Sigurdson, to the role of senior executive vice president, corporate affairs and general counsel for the company globally in the place of its existing GC Jean-Paul Bisnaire, who is retiring in December.
2 minute read

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