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.
The magic circle firm posted a 2.5 per cent drop in global revenues for the 2012/13 financial year. However, revenue for the Asia-Pacific region was down 3 per cent from £185m to £179m, forcing CC to push back its target of doubling fee income in the region to £250m by 2014. The region now contributes 14 per cent of overall revenue.
With Asian opportunities and challenges in mind, City firm Field Fisher Waterhouse has entered the region via a different route. Instead of setting up shop there, the firm has sealed a tie-up with a three-partner Shanghai boutique under a newly launched Swiss Verein.
FFW is not the first Western firm to take this approach to developing a China practice. In 2007, US firm McDermott Will & Emery established a presence in Shanghai with a tie up with MWE China Law Offices, a Shanghai-based firm set up by two partners spinning off from Shanghai’s largest law firm AllBright.
But as we all know, tying the knot is the beginning of a whole new way of life.