The Far East has generated a swathe of newspaper headlines in recent months. While Japan maintains its status as Asia’s largest and most sophisticated financial market, Allen & Overy is putting its Tokyo office under review and Cleary Gottlieb Steen & Hamilton was forced to close its underperforming Tokyo office in late April. Instead, the New York firm has joined the slew of firms piling into China, officially launching its presence in Beijing in May. Others to join the China bandwagon are Kirkland & Ellis and Orrick Herrington & Sutcliffe, which is still waiting on its local operating licence.
This Far East Special Report examines the vibrant Asia market, including the US influence on the Japanese litigation market. It also delves into the increasing use of technology that is permeating the Asian legal market and looks at whether China’s accession into the World Trade Organisation will prove beneficial for foreign organisations.