After being raided by US firm Milbank Tweed Hadley & McCloy for former Asia Pacific capital markets head James Grandolfo, Allen & Overy (A&O) has sent London bigwig Jim Wickenden to Hong Kong to take control of the group.
The magic circle firm has been under attack in Hong Kong in recent years. Linklaters hired former partner David Kidd as its Asia restructuring and insolvency head last September, a year after he quit A&O.
With rivals like Slaughter and May looking to bulk up in the region, Wickenden will have his work cut out.
Asia is a volatile market, but the rewards are there to be reaped.
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