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International Edition

2Birds adds four partners in Asia as firm sets ambitious regional targets

Bird & Bird has added four new partners in Asia as the firm sets out ambitious plans to expand its presence in the region. The firm has set a target for Asia to account for one fifth of total revenue and lawyer headcount in three to five years' time. Asia currently contributes 10% of the top 15 UK law firm's fee income – half of which comes from China – with the new target set at 20% for the region as a whole.
2 minute read

International Edition

Ashurst's Australian tie-up includes option to split in event of US merger

Ashurst has the option of walking away from its deal with legacy Australian firm Blake Dawson if it agrees a tie-up with a US law firm before the planned merger with Blakes is approved, Legal Week has learned. Terms of the tie-up, finalised in September last year, specify that during the two-year period between Blakes rebranding as Ashurst at the start of this month and the proposed merger between the two firms going live in 2014, Ashurst has the option of abandoning the Australian deal in preference of a US tie-up.
3 minute read

International Edition

Access Asia - the startling comeback of Singapore as a global law hub

Once derided for unwieldy Bar regulations, Singapore has staged a startling comeback as a legal centre. Helen Mooney reports
15 minute read

International Edition

Biting the sea crab: how China is changing the international disputes environment

"China's businesses appear to be becoming increasingly willing to resolve international disputes by legal means. As their executive experience grows and they appoint seasoned legal counsel, Chinese enterprises are developing a more sophisticated understanding of the processes involved..."
5 minute read

International Edition

Clifford Chance Asia head Charlton arrested after Hong Kong car accident

Clifford Chance (CC) Asia head Peter Charlton has been arrested on suspicion of drink driving after being involved in a traffic accident in Hong Kong last week (9 March), it has emerged. No-one was hurt in last week's accident, which saw Charlton involved in a collision with one other car, and formal charges have yet to be made against Charlton, who is back at work at CC.
2 minute read

International Edition

London's leading silks eye up Singapore moves as region's arbitration clout grows

"A vast proportion of our work is in the field of arbitration. There's been a huge explosion of work in the region" - Commercial barristers are seeing a growing opportunity for senior advocates in Singapore
4 minute read

International Edition

Linklaters and Allen & Gledhill end Singapore joint venture as A&O talks progress

Linklaters and Allen & Gledhill are to officially end their alliance as the Singapore firm continues its tie-up talks with magic circle rival Allen & Overy (A&O). The firms have reached a decision to formally terminate the joint venture, which has been in place since 2000, over the last few days, with one Linklaters' partner suggesting the venture will be wound down before the end of the financial year in April.
3 minute read

International Edition

Clydes makes Mongolia move with local alliance agreement

Clyde & Co has become the latest firm to enter the Mongolian legal market via an association with local law firm Khan Lex Advocates. Clydes has tied up with Ulan Bator-based firm Khan Lex, which launched last year and has links to the private sector and the Mongolian Government legal service, having advised on the drafting of key legislation including the Foreign Investment Code, the State Property Law and tax laws.
2 minute read

International Edition

Taylor Wessing tightens Singapore links as alliance firm joins international network

Taylor Wessing's Singapore ally RHT Law has joined its international network, with the 60-fee earner firm set to rebrand as RHTLaw Taylor Wessing. The two firms, which entered into a co-operation agreement six months ago, will now see their relationship operate along the same lines as Taylor Wessing's UK and German arms.
3 minute read

International Edition

Australia merger talks push Herbert Smith to mull lockstep revamp

Herbert Smith is set to overhaul its rigid lockstep structure, as merger talks with Australia's Freehills bring forward a consultation on whether the firm should introduce a more flexible system. The firm is expected to begin reviewing its lockstep in the coming weeks, with changes to be considered in light of its potential merger with Freehills, which operates a modified lockstep heavily linked to individual performance.
3 minute read

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