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No. of Lawyers: 204
Patrick Sherrington, the recently installed Asia and Middle East managing partner at transatlantic law firm Hogan Lovells, argues that his firm's global practice has intrinsic balance: “For a global law firm, we are very well hedged,” he says, pointing to internal figures showing that about 45 per cent of the practice's revenue derives from the US, 45 per cent from Europe (split evenly between London and the continent) and the remaining 10 per cent from elsewhere.
That leaves plenty of opportunity for the firm in the Asia Pacific and Sherrington is not reluctant to set out his stall. “Asia is a major growth area, and we're currently getting less than 10 per cent of our income from the region. We've got a lot of lawyers there and I think a firm such as ours should be deriving a greater percentage of its business from Asia. So it will be a focus in the future.”
The firm describes China as being an “obviously a critical market”, and one that has been successful for the practice historically, but even more so since Lovells and Hogan & Hartson merged
Elsewhere in the region, the firm cites Japan and Singapore as the other two main pieces of its Asia-Pacific network. But now the practice is turning its attentions to developing areas in the region, not least with ambitious aspirations in Ulaanbaatar.
The Asia Pacific profile is an edited version of a full write-up that appears in The Lawyer Asia Pacific 150, a comprehensive analysis of the legal market in the region that ranks the top 100 local firms and leading 50 international players by headcount. For more information and to purchase your copy please click here.
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