Addleshaw Goddard's plan to increase capability in Hong Kong meets with approval
Addleshaw Goddard has announced that its plan to increase its capability in Hong Kong through a formal association with newly established local law firm Stewien & Co has been approved by the Law Society of Hong Kong.
The approval of the association will enable Addleshaw Goddard to provide additional multi-jurisdictional advice to clients alongside its offices in the UK, Gulf and Singapore.
The law firm announced its intentions to open an office in the region at the beginning of this month to focus on litigation, employment and corporate work. Because of local regulatory requirements, it entered into an association with a local law firm led by corporate specialist Brett Stewien and litigation and employment expert Nigel Francis, who will join the new firm on 1 November 2013.
Stewien and Francis will be supported by a team of associates, including lawyers qualified in Hong Kong, England and Wales, and Australia, and who speak Mandarin, Cantonese and English. The team will work closely with Addleshaw Goddard’s team in Singapore led by international arbitration partner Jamie Harrison.
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The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.