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International Edition

King & Wood Mallesons and Ashurst lead on $1.6bn PetroChina-BHP deal

King & Wood Mallesons (KWM) has acted opposite Ashurst Australia on a $1.63bn (£1bn) transaction between PetroChina and BHP Billiton, marking the latest in a string of significant cross-border energy deals in Asia this year.
2 minute read

International Edition

New Hong Kong laws push firms to review paternity pay policies

Law firms in Hong Kong are facing an overhaul of their paternity leave policies following a move to force all private companies in the region to provide employees with at least three days' paid leave. The government proposals, endorsed by the Hong Kong Labour Advisory Board last month, will see men paid at least 80% of their salaries for the paternity leave period.
4 minute read

International Edition

Partners scale back hopes for year ahead as economic woes hit business confidence

The prolonged eurozone downturn and economic stagnation in the UK are continuing to dent business confidence within the legal profession, with one in three partners expecting revenues to fall or remain static at their firm over the coming year. Legal Week's latest business confidence survey found 28% of respondents forecasting static revenues for 2013 – almost double the proportion making the same prediction in July, when the survey was last conducted – while a further 7.5% expect revenues at their firm to drop next year.
4 minute read

International Edition

Davis Polk secures CC partner duo for Hong Kong litigation launch

Davis Polk & Wardwell has made a major double partner hire from Clifford Chance (CC) to launch a litigation practice in Hong Kong. CC's top-ranked Asia-Pacific litigation and dispute resolution head Martin Rogers and partner James Wadham are set to join Davis Polk's eight partner Hong Kong office, currently focused on capital markets and corporate matters.
2 minute read

International Edition

Paul Hastings eyes Sao Paulo and Singapore launches

Paul Hastings is weighing up launches in both Brazil and Singapore as the US firm looks to grow its international presence. The US firm expects to open a base in Sao Paulo next year, and is also looking at opportunities in Singapore to build on its existing five-office Asia practice.
3 minute read

International Edition

CC forms alliance with disputes boutique in Singapore

Clifford Chance (CC) has partnered with a newly formed Singapore disputes boutique to establish what the firm claims is the first full service, integrated legal practice in the region, under the banner of Clifford Chance Asia. CC received approval from Singapore regulators this week to form a Formal Law Alliance (FLA) with Cavenagh Law, allowing it to provide local litigation advice in addition to its current offering.
3 minute read

International Edition

Simmons appoints new Asia DCM head with Standard Chartered hire

Simmons & Simmons has recruited a senior in-house lawyer from Standard Chartered Bank in Asia to head up the firm's debt capital markets (DCM) practice in the region. Jay Lee, who joins the UK law firm as a partner, was head of the DCM legal team in North East Asia at Standard Chartered, where he was based in Hong Kong, handling capital markets legal matters in China, Hong Kong, Korea, Taiwan and Japan.
3 minute read

International Edition

Clydes to form joint venture with Singapore ally in local law push

Clyde & Co is set to form a joint law venture (JLV) with Singapore alliance firm Clasis LLC early next year, as it moves to increase the range of legal services it can offer in the region. The firm has submitted an application to the Singaporean authorities to form a JLV with Clasis in the first quarter of 2013, after establishing an exclusive alliance with the firm last year.
3 minute read

International Edition

Hong Kong firm HWB announces all-female partner promotions round

Hong Kong law firm Howse Williams Bowers (HWB) has promoted four of its female associates to partner, one year after the firm was formed by a breakaway group of Reed Smith lawyers. M&A specialist Katherine Chuang, healthcare expert Lisa Nabou and dispute resolution lawyers Lynn Lee and Oonagh Toner will all become partners at the firm as of January next year.
2 minute read

International Edition

K&L Gates and Australia's Middletons approve January merger

K&L Gates is to merge with Australian firm Middletons from January next year, creating a 2,000 lawyer law firm with 46 offices worldwide. Confirmation of the tie-up earlier today (4 December) comes after 533 equity partners across both firms voted unanimously this week to combine their resources through a full financial and operational merger from 1 January, 2013.
4 minute read

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