Today is Chinese New Year: the year of the dragon – the water dragon, to be exact – is upon us.
Rather than marking the occasion with some fireworks in Soho, Macfarlanes has decided that now is the time to up its investment in China.
Senior partner Charles Martin is convinced that small firms have their role in the market, so it’s little wonder that the City independent has opted to send a partner on secondment to Beijing to boost its presence in China.
Environment partner Paul Davies becomes the first Macfarlanes partner to be seconded to Asia.
But what’s more startling is the choice of destination. Davies is heading to Jun He, Slaughter and May’s best friend in China. Not that there’s anything insidious going, as all are keen to stress: though, after Allen & Overy’s power play in Singapore, few are in doubt about the amount of stock firms put into gentlemanly conduct when it comes to stealing a march in growing economies.
Still, the fates are certainly on Macfarlanes’ side – the year of the dragon is said to be a time to be bold, not humble.