The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
One of Japan's largest law firms, Nishimura & Partners, has further bolstered its numbers after signing a deal to merge with fellow Tokyo firm Tokiwa Sogo Law Offices.
The merger with 30-lawyer insolvency specialist Tokiwa Sogo, due to be finalised on 1 January 2004, will take Nishimura's head-count to around 170 lawyers.
Nishimura is largely known for its banking and corporate expertise, but the merger will allow the firm to target the increasing wave of corporate bankruptcies in the country. Tokiwa Sogo has acted as bankruptcy administrator on the high-profile liquidation of one of Japan's largest stockbrokers Yamaichi Securities, and the large department store chain Sogo Group.
Nishimura already employs a number of foreign lawyers, and has not yet ruled out the possibility of a joint venture with a foreign firm. Legislation prevents a full merger between foreign and local practices.
A name for the new entity has yet to be decided, as do the senior roles of the firm.