Bingham benefits from latest Asahi departure

Bingham McCutchen has strengthened its global restructuring and insolvency capabilities with the addition of antitrust specialist Hiroshi Iyori from Asahi Law Offices.

The hire comes just months before Bingham McCutchen will formally launch its merger with Japanese insolvency specialists, New Tokyo International.

Bigham McCutchen New York-based corporate partner Satoru Murase commented: “This hire and our strategy to build up in the antitrust area fits in well with the firm-wide philosophy of building on our core strengths such as antitrust and restructuring.”

Murase added that the firm is advising on a number of high-profile Japanese antitrust investigations making Iyori’s hire particularly significant for the firm.

Murase said: “The Asian market is very exciting at the moment and Bingham is working on a number of notable deals. Japan is dedicated to becoming an even more successful economy but is competing with other jurisdictions such as Hong Kong. How law firms will be responding to this is interesting.”

Iyori’s departure is the latest in a long line from Asahi Law Offices, which was hit by an exodus after announcing plans to merge its international operations with Nishimura last April. According to sources close to the firm, its headcount has almost halved since the announcement.