The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.