Clifford Chance is embarking on a marketing drive in Asia in a bid to boost its arbitration business in the region.
The firm is touring Hong Kong, Singapore, Beijing and Tokyo to “explain arbitration to business audiences” alongside Singaporean ally WongPartnership.
Clifford Chance, which has 400 lawyers in Asia, has identified that an increasing amount of Asian business disputes are being settled through arbitration, in fact more so than ever before.
Jim Jamison, head of Clifford Chance’s Asia Arbitration Group said that in 1985, the Hong Kong International Arbitration Centre handled nine cases and that today that figure has swelled to some 300 cases each year.
The firm asserts that despite this, many companies are “still struggling” to understand the course of action.
Jamison added that more arbitration cases are being heard in mainland China and Hong Kong than in conventional Western arbitration institutions.
Clifford Chance has offices in Bangkok, Hong Kong, Beijing, Shanghai, Singapore and Tokyo and WongPartnership has offices in Shanghai and Singapore.