SNR Denton has launched in Hong Kong with the assimilation of a new member firm that was previously the Hong Kong office of Squire Sanders Hammonds legacy firm Hammonds.
The firm, Brandt Chan & Partners, announced last year that it would split from Hammonds once the tie-up with US firm Squire Sanders & Dempsey went live at the start of this year (29 November 2010).
The six-partner office will initially be known by its independent name and will become associated with SNR Denton upon regulatory approval.
The move is part of a planned expansion into Asian jurisdictions for the newly merged firm. It expected to open in mainland China later in the year to add to an existing office in Singapore and now its Hong Kong offering.
Co-chief executive Elliott Portnoy said: “Since our combination, SNR Denton has executed a thoughtful and measured approach towards gaining additional scale in key regions and today’s announcement is evidence of that priority.
“With the addition of Hong Kong, we’ll be even better positioned to meet the ever growing cross-border needs of our clients. Our new colleagues have an unparalleled reputation in Hong Kong and bring intimate knowledge of Chinese law, economics and culture.”
Portnoy’s UK counterpart Howard Morris added: “”We have big plans for growth [in Asia]. We see most of our practice areas as having opportunities there. This is responding to existing demand from our clients that we hadn’t been able to satisfy before.
“We’re always attracted by high quality laterals and we’ve found a real gem with this office.”
Despite the loss of the Hammonds offering in the jurisdiction, Squire Sanders & Dempsey continues to have a Hong Kong presence in the form of a four-partner office.
Readers' comments (7)
Anonymous | 4-Jan-2011 2:51 pm
I may be wrong but I seem to recall the original Dentons and Sonnenschein merger being described as 'one stumbling drunk leaning against another stumbling drunk for support'. Now Hammonds has joined the party - is this the world's worst New Year's hangover?
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Lord Mountbatten | 4-Jan-2011 2:53 pm
Bit of a kick in the unmentionables for Hammonds this one.
"No thanks, Mr Squire Sanders, we don't want to be part of your fancy new firm."
"Oh yes, Senor Denton, let us join your fancy new firm."
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Anonymous | 4-Jan-2011 3:59 pm
nice move for SNR Denton and no wonder given how legacy Sonneschein had acquired Proffit Tatcher's NY practice a few years ago in less than a week's time...
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Anonymous | 4-Jan-2011 5:15 pm
Correct me if I am wrong, but didn't Dentons close thier Asian operations about 5 years ago? Does this mean that they are admitting that they were wrong with that decision, or does it just mean that the SNR side of the "two drunks" (described earlier) has more weight???
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Anonymous | 5-Jan-2011 4:20 am
Denton's closed its Asian offices in 2004, just as things we're starting to boom (following the late 90s Asian crisis). It kept only 3 lawyers of what must have been nearly 100 and let go all of the support staff. Then in 2008 they reopend Singapore (just in time for the global financial crisis).
My question is - when did they make the strategic decision about Asia, in 2004 or now?
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Anonymous | 5-Jan-2011 12:44 pm
Good move Keith & Anthony. What a great opportunity to join a huge global firm but run your own operation in Asia.
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Anonymous | 6-Jan-2011 7:18 am
From the outside I can see an awful lot of talented DWS alumni are still in Asia and doing very well for themselves.
I struggle to see what Brandt Chan & Partners gain from joining SNRD that they would not have had with Squire - there is nolonger any DWS brand loyalty in Asia.
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