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Norton Rose-Deacons merger: UK firm pinpoints Asia without diluting profit

I too am a former Deacons HK lawyer and agree with the posting on 6th July. Deacons HK has no significant Asia/China practice, despoite trying for years and simply can't handle the big deal finance stuff - you only need to look at the deals to see that. Why would anyone want just a HK practice? Deacons Australia must have got fed up that the jv with the HK firm was going nowhere. It's a good move for the Australians, and gives Norton Rose - which remember has a great name in HK from its time with JSM - the ability to focus on building China on the back of its HK reputation. China is a finance orientated pratice for western firms. Norton Rose has the skills and with the Australians they can bring in the "grunts" to do the work at half the cost. Whether it'll work remains to be seen, but its got logic.

3-Aug-2009

12:16 pm