The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Bingham McCutchen is to increase its Asian practice by opening a three-lawyer Hong Kong office.
US-qualified finance partner Catherine Walters will head to Hong Kong for the 1 January opening, with two associates including Angeli Arora, whose clients include the hedge funds that Bingham is hoping to service.
Bingham will look to replicate its London offering, acting for distressed debt and hedge funds. The 36-lawyer London office had a strong financial showing last year, with a 33 per cent rise in turnover to £13.4m.
London managing partner James Roome said: “For the past 18 months, Hong Kong has been the destination of choice for a lot of these financial institutions, after them arriving in London. We’re not looking to be full-service but be the same kind of niche firm as we are in London.”
The 950-strong firm already has a three-lawyer office in Tokyo, which would be a likely target for more growth, according to Bingham chairman Jay Zimmerman. He told The Lawyer that despite growth in Hong Kong and Tokyo, the firm would not look to mainland China.
Roome said: “We see mainland China as financially underdeveloped. There are listings in China, but not the kind of work we would go in for.”