The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Clifford Chance is extending its Asian practice by forming a joint venture in Japan.
The move will give the magic circle firm one of the biggest joint ventures in the country. Its Tokyo office already has 28 fee-earners, five of which are partners.
The partner firm will be Tanaka & Akita, which is being created specifically for the joint venture. Last October, two Japanese lawyers, Yasuhiro Akita and Eiichi Kanda, formed the firm Akita and Kanda, with the express intention of forming an alliance with Clifford Chance.
Now a further six lawyers are joining from leading banking and finance firm Tanaka & Takahashi to create Tanaka & Akita. Two of the Tanaka & Takahashi lawyers, Keiji Isaji and Atsushi Yamashita, are partners. The joint venture, which will be known as Clifford Chance and Tanaka & Akita from 1 May, will cover a broad range of work, from corporate, finance and securities to property and litigation.
Clifford Chance Tokyo managing partner Rob Burley says Japan's status as one of the most sophisticated markets precipitated the decision. "An upturn in foreign investment due to restructuring and deregulation of the economy underlines the need for a combined international and local law capability," he says.
The announcement comes just months after the firm's last Asian joint venture attempt collapsed. Last year it was granted a licence to align with the Wong Partnership in Singapore, but it fell through in October after Lee Suet Fern quit.