Tokyo-based TMI Associates is to become the first Japanese firm to launch in Silicon Valley with an office opening planned in the global technology hub in July.
The US launch follows a year of expansion into South East Asia by some of the largest Japanese firms. The list includes Mori Hamada & Matsumoto and Nishimura & Asahi, which have opened in Myanmar’s largest city Yangon in recent months.
The push into foreign markets by Japanese firms has been driven by an increase in demand from domestic clients for cross-border legal support. Last month, for example, Mori Hamada acted for Japanese group Mizkan in its $2.15bn acquisition of Unilever’s North American pasta sauce businesses.
The global race has started for leading firms in Japan and China.
Also on TheLawyer.com:
- Hill Dickinson has hired a partner each from Clyde & Co and Kennedys in a bid to bolster its Asia office network
- Chinese firm Fangda has hired Freshfields’ China antitrust head Michael Han as a partner in Beijing, its second lateral hire from the magic circle firm in two years
- Bank of Montreal’s Asia legal head reveals war stories and much more about his unique role