9 December 2013
It has not been a spectacular year for Hong Kong’s top-end players but routine work remains strong and the mid-level market is toughing it out
The Lawyer’s annual report into the top 50 firms for global litigation is eagerly awaited by those with ambitions to grow their contentious business.
London Metal Exchange GC Tom Hine has guided the institution through a Hong Kong buyout and out onto the stormier seas of Eurocracy
Even magic circle firms are introducing a merit-based component to salaries
Move of the week
Boutiques bloom as the legal market adapts to a sluggish economy
Litigation is an engine room of firms’ earnings but many clients, keen to keep a grip on the purse-strings, are forcing a reworking of fee arrangements
The hourly rate is fast becoming an anachronism and firms must heed client warnings and foster more flexible solutions, say general counsel
Louise Field has been head of client service and insight at Bird & Bird since 2009. She has previously worked for Ernst & Young and RBS.
As the city enjoys a boom, its foremost legal firms are poaching each other’s staff