The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
US firms Kirkpatrick & Lockhart Nicholson Graham and Preston Gates & Ellis are in merger talks that, if successful, would see the creation of a 1,400-lawyer firm.
The addition of Preston Gates would also give Kirkpatrick a significant foothold in the Asian legal market, until now a gap in its coverage and a stated ambition at the time of the US firm’s merger with the UK’s Nicholson Graham & Jones in January 2005.
Seattle-based Preston Gates, which has around 420 lawyers, has offices in Hong Kong, Taipei and Beijing along with eight sites in the US.
Kirkpatrick has made no secret of its expansionist ambitions. Prior to beginning talks with Preston Gates in July, it spent several months in merger discussions with Salans - revealed by The Lawyer earlier this month (The Lawyer, 11 September).
The two firms are anticipating closing the deal before the end of the current financial year in December. Both parties confirmed the the talks in an official statement issued yesterday (Monday 25 September).
The combined revenues of the merged firm would be around $650m (£343m). Average profitability at Kirkpatrick is considerably higher than at Preston Gates, at £414,000 ($725,000) and £185,000 ($350,000) respectively.