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Proskauer Rose is opening in Beijing and Hong Kong with a trio of lawyers, including two partners from Heller Ehrman's Beijing office.
As revealed on thelawyer.com yesterday the chair of Heller Ehrman's Beijing office Joseph Cha (pictured) resigned from the firm (8 September 2008). The former chair and head of the Asian private equity and fund formation practice will now join Proskauer Rose's new Beijing office together with partner and ex-head of Heller Ehrman's China business practice Ying Li.
Proskauer Rose will also be sending Yuval Tal, a New York corporate partner in the lodging and gaming practice, to launch an office in Hong Kong.
Allen Fagin, chairman of Proskauer, said: "The Chinese and Pacific Rim economies are expanding at a robust rate, with projections showing that business activity in the area likely will equal and even surpass that of the US and the EU in the not-too-distant future."
He added: "This has not been lost on our clients, who also are expanding into Asia."
This will be Proskauer's first office in Asia and follows an aggressive expansion drive over the last year in Europe and South America.
Last July it opened in Sao Paulo (17 July 2007), while in September it merged with a private equity firm in Paris (4 September 2007) and opened in London with the hire of ex-O'Melveny & Myers private equity chair Matthew Hudson (6 September 2007).