Three days into the Chinese New Year and legacy SJ Berwin has given legal anoraks a firecracker: its financial results, pre-merging with Asia-Pacific giant King & Wood Mallesons. We said it was a scorcher.
The results, which do not take into account the firm’s $1bn merger, reveal that Asia Pacific brought in the smallest chunk of the legacy firm’s total turnover, despite the region also bringing the biggest year-on-year increase.
So, a double-edge sword. But what’s up next? Shanghai, Hong Kong and London are now the only places where the two legacy firms have small overlaps in resources and, since the merger, there have been a number of Asia exits from legacy SJ Berwin partners (Hong Kong litigation partner Giovanna Kwong for Stephenson Harwood, Shanghai office head Philipp Senff for Pinsent Masons).
Time for a fortune cookie.
Also on The Lawyer:
- Slater & Gordon UK chief executive Neil Kinsella has set the firm a 12-month target to fully integrate its merger with Pannone after the deal is complete
- King & Wood Mallesons SJ Berwin has swiped Berwin Leighton Paisner senior associate Tom Calnan to launch its real estate practice in the Middle East
- Quinn Emanuel legal titan John Quinn tells The Lawyer why each associate is being handed $2,000 to spend a week working anywhere in the world