International Top 30 position: 14
Asia-Pacific International 50 rank: 10
To read about this firm’s Asia Pacific practice, please click here
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
Jones Day posted a seven per cent increase in its UK billings during 2011, with revenue rising from $84.6m to $90.5m. Firmwide, Jones Day boasted a turnover of $1.5bn.
The major theme for the firm during 2012 seemed to be one of expansion. High-profile hires last year included senior litigation partner John Emmerig from Ashurst Australia for its Sydney office, a move which came months after the hire of Matthew Skinner and Darren Murphy from Linklaters’ Australian ally Allens (formerly Allens Arthur Robinson) in Singapore.
The hire of Skinner and Murphy came after the firm took part in the application process for Singapore's second round of Qualifying Foreign Law Practice licences. Elsewhere in Asia the firm bolstered its Hong Kong office with the addition of Allen & Overy M&A lawyer Chris Swift, an appointment that followed the addition of banking and finance partner Maria Tan Pedersen from K&L Gates’s Hong Kong office.
Internally, the firm named six new partners in London and 45 new partners globally in 2012. Half of the London promotions were female, with the newly promoted team made up of M&A duo Elizabeth Robertson and Simon Kiff, banking and finance lawyer Amy Kho, competition lawyer Matt Evans, private equity specialist Anna Cartwright and commercial litigator Lucas Moore.
No. of lawyers: 210
The Washington DC-based firm is pushing its way into Singapore, undeterred by the competition of some 130 foreign law firms.
Over the last year, Jones Day has doubled its lawyer contingent on the ground, up to about 30, with plans for more to join the office. Along with Linklaters and fellow US firms Sidley Austin and Gibson Dunn, Jones Day was granted a licence to practise local law in February.
Part of the rationale driving the Jones Day push in Singapore is the firm's position as a leading global litigation practice. That translates into arbitration work in China, as well as Singapore.
Disputes, while important, do not have an exclusive hold the Jones Day presence in the region. The firm originally went east to follow clients including Procter & Gamble, IBM and other large corporates. But after time, that could no longer be Jones Days’ bread and butter, so the firm started advising more Chinese and other companies looking abroad. Considerable amounts of Chinese outbound investment has been in the natural resources sector, and one of the firm's leading clients is Cnooc, the Chinese national oil corporation and the China Development Bank.
The firm is currently eyeing up Indonesia, with the partners debating whether to cut an association deal to give them a physical presence and they’ve adopted a similar position to Korea, currently weighing up whether there is sufficient potential work in the jurisdiction.
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Overview21 Tudor Street
Firmwide turnover: $1.5bn
Global lawyers 2011: 2,371
No. of lawyers (Asia Pacific): 210
Offices (Asia Pacific): 7