Trowers & Hamlins has become the first law firm to secure a Qualified Foreign Law Firm (QFLF) licence in Malaysia as it seeks to capitalise on its Islamic finance offering and target European bound investment.
Targeting South Korea: EY Law agrees new alliance as Asia-Pacific growth continues
EY Law continues to enhance its Asia-Pacific presence with an alliance deal with South Korean firm Apex Legal, in a bid to align its advisory and legal businesses throughout the region.
Asia: BLP launches international arbitration practice in Hong Kong with local team hire
Berwin Leighton Paisner (BLP) has launched an arbitration practice in Hong Kong with the hire of a nine-strong team from local boutique Haley & Co, in a bid to ‘create a powerful international arbitration and real estate offering in the region’.
Singapore scramble: Morgan Lewis teams up with Stamford Law to enter market
Singapore continues to be an attractive legal market for many Western law firms targeting the fast growing Asia-Pacific region with Morgan Lewis & Bockius being the latest to combine with a local outfit – teaming up with Stamford Law Corporation.
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‘We’ve done our homework’: Pinsents finally secures Australia launch for renewed infra push
It has been a long time in the offing but Pinsent Masons today (6 March) announced the launch of an infrastructure sector-focused practice in Melbourne and Sydney.
A $4bn fund in Asia: Debevoise & Plimpton advises Baring Private Equity Asia on weighty fund raise
The Hong Kong office of Debevoise & Plimpton has secured a heavyweight instruction advising Baring Private Equity Asia on the formation of Fund VI, a $4bn fund believed to be the largest private equity fund ever raised by an Asia-based manager and one of the largest targeting the region. Offshore firm Maples and Calder also provided Cayman Islands counsel on the deal.
Opening up new markets: Trowers applies for foreign firm licence in Malaysia
Trowers & Hamlins has chosen to build on its representative office in Malaysia, following the country’s legal market liberalisation, by applying for a qualified foreign law firm (QFLF) licence.
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Withers targets Asia through new Australian presence
The end of 2014 saw two Legal Business 100 firms open international offices targeting new markets. Private client leader Withers launched in Australia, creating Withers SBL through an alliance with Sydney tax practice Balazs Lazanas & Welch (BLW) and Melbourne-based corporate boutique SBL Shmith, while Penningtons Manches set its sights on the US with the opening of its first overseas office in San Francisco’s financial district.
Withers has hired immigration law partner Rita Chowdhury to head up, on its side, the alliance with its Australian partners BLW, which was established in 2009 by three former Baker & McKenzie tax partners and SBL Shmith, a Melbourne boutique led by former Ashurst corporate partner Justin Shmith.
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Targeting South Korea: Milbank opens in Seoul
The influx of Western law firms in South Korea continued today (2 February) after local authorities rubber stamped Milbank, Tweed, Hadley & McCloy’s launch in Seoul.
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Asia: DLA Piper builds up its Singapore office while Milbank and Sidley expand in China
DLA Piper, Milbank, Tweed, Hadley & McCloy and Sidley Austin have all completed partner raids on rivals in Asia as they seek to expand their presence in the region.