Stephenson Harwood has ramped up its international capabilities with the launch of a Singapore corporate practice.
London corporate partner Matthew Gorman will head the group, which will focus on AIM flotations from Asia as well as building up a full-service corporate team with private equity and M&A lawyers.
Gorman said: “Until now we’ve serviced Singapore via our Hong Kong and London corporate teams. Our work in AIM has built up to the extent that we feel it’s time to have a physical presence here.”
Stephenson Harwood has served its Asian corporate practice via two partners based in the firm’s Hong Kong office and two in the London office, including Gorman.
“We’ve done well advancing the corporate team in Asia with AIM floats. We want to build a successful M&A and private equity practice as well. To do this we need to increase our presence,” Gorman explained.
In recent years Stephenson Harwood has succeeded in building a strong AIM practice off the back of its focus on Asia. Earlier this year (4 June) the firm topped The Lawyer’s AIM survey, beating established AIM regulars such as Eversheds and Norton Rose, by advising on 16 flotations during 2006, according to statistics provided by Deal Monitor.
Gorman said: “The firm’s clearly worked very hard to become strong in the AIM market and the wider corporate market. Our plans in Asia are part of becoming an international firm with full-service capabilities.”
The team has launched with just Gorman and an associate being based permanently in Singapore. The firm is in the process of recruiting to add to its capabilities in the office.