Clydes homes in on China growth with local promotion
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Newly merged Clyde & Co is continuing its China expansion plans with the promotion of Matthew Durham to partner.
Shanghai-based Durham has worked in China for over 10 years and is noted for his expertise in employment and labour law.
He also advises on general corporate and commercial matters, including foreign direct investment, M&A, reorganisations and joint ventures.
Clydes merged with Barlow Lyde & Gilbert (BLG) on 1 November and immediately targeted international expansion (24 October 2011).
The enlarged firm is bulking up in China as part of its international strategy to deepen its global client offering.
Most recently, Clydes hired construction partner Gilbert Kwok to it Hong Kong practice (20 September 2011) and earlier this year promoted Carrie Yang to partner in its Shanghai insurance group (5 May 2011).
Commenting on the latest appointment Clydes’ Asia-Pacific managing director Michael Parker said that Durham’s experience is fundamental to the firm’s expansion of its corporate commercial offering to clients in mainland China.
Clydes, which was ploughing investment into new international office bases even before the BLG merger, posted a 12 per cent revenue rise for the first half of 2011-12 (21 November 2011).
Chief executive Peter Hasson attributed the positive pre-merger performance to the firm’s Middle East and Asia practice and expects to continue the upward trend post BLG tie-up.
