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International Edition

Hong Kong to introduce cap on hourly arbitration rates

Hong Kong is planning to overhaul its arbitration procedures in a bid to improve its position as a leading dispute resolution centre in Asia.
4 minute read

International Edition

Twelve-partner China group forms new Beijing spinoff

A group of 12 partners from several top Chinese law firms have joined forces to launch a new outfit in Beijing. The new firm will be known as Anjie and will open in the Chinese capital next month with a total of approximately 60 lawyers.
3 minute read

International Edition

US firm Kilpatrick Townsend opens in Shanghai

Kilpatrick Townsend & Stockton has opened an office in Shanghai in response to China's growing intellectual property (IP) market. The US firm has launched in Zhang Jiang High-Tech Park with IP partner Kenneth Chang and associate Charles Gray, both of whom have relocated to China from Kilpatrick's Denver office.
2 minute read

International Edition

Firms forced to bid for Asia work in front of rivals amid costs squeeze

Partners in Hong Kong confirmed that pressure to reduce costs has resulted in occasional instances of state-owned enterprises asking tendering firms to reveal fee quotes in front of their competitors, with several magic circle and US law firms among those stating that they have been required to publically bid for some work in recent months.
2 minute read

International Edition

Freshfields eyes Australia launch as rush Down Under continues

Freshfields Bruckhaus Deringer is weighing up plans to open in Australia as international law firms' interest in the region continues to grow. The magic circle firm has spoken to several Australian partners in recent months about potential hires as it considers whether to launch a small M&A-focused offering in the country.
3 minute read

International Edition

Business as usual? The challenges of winning business in the fiercely competitive Asia-Pacific region

I couldn't have predicted that my legal career would bring me to Singapore all those years ago when I was just starting out as wet-nosed trainee. I completed my training contract on Station Road, Watford in a specialist civil litigation practice. I was desperate to be taken on as a newly qualified solicitor. I owe a great debt to Des Collins, the senior partner, because he did keep me on. Des saw something I was good at and that was business development. He gave me the freedom to win new work for his business.
5 minute read

International Edition

Hong Kong Reed Smith spinoff HWB set to ramp up local presence

Hong Kong law firm Howse Williams Bowers (HWB) is to move offices at the end of this year with a view to boosting its headcount in the region. The firm, which currently has more than 80 staff, will move from its existing base in Exchange Square 2, to bigger, Grade-A office space on the 27th floor of Alexandra House in Central on 31 December.
3 minute read

International Edition

King & Wood Mallesons secures hire of Bakers global private equity chief

King & Wood Mallesons has sealed the hire of Baker & McKenzie's global head of private equity Mark McNamara, as the Sino-Australian giant seeks to bolster its M&A practice. The firm, the result of the merger of Australia's Mallesons and China's King & Wood earlier this year, has recruited McNamara as its new head of private equity, as part of a wider strategy to grow its regional footprint and enhance key practice areas. He will make the move on 6 November.
2 minute read

International Edition

Insuring success – what the future holds for insurers and reinsurers

The Peoples Republic of China (PRC) remains a challenging market to foreign insurers and reinsurers and investors, including those based, held or headquartered in the leading offshore financial centres such as Bermuda, Cayman Islands, the British Virgin Islands (BVI), Guernsey, Jersey, Isle of Man, Mauritius, Seychelles and others.
9 minute read

International Edition

Herbert Smith brings forward start dates of deferred Hong Kong NQs

Herbert Smith Freehills has asked two qualifying trainees in Hong Kong to bring forward their start date at the firm, after initially asking them to defer due to the slowdown in capital markets work in the region. The firm is taking on five newly-qualified corporate lawyers, but asked three of the intake to delay their start date from 1 September until 1 January. However, the firm has now asked two of the trio to bring their start dates forward again.
3 minute read

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