News last week from Clifford Chance that seven of its 21 newly appointed partners were sat in Asia once again showed leading UK firms looking East for its then next batch of partners.
Clifford Chance had the largest promotions round in the region of all the magic circle with Linklaters making up six out of a total 21 promotions. Allen & Overy promoted three in Asia and, for the first time since it launched in Australia in 2010, promoted two in the jurisdiction.
Freshfields Bruckhaus Deringer, however, kept its eyes on the West with eight of its 15 promotions happening in Europe and just one in Tokyo.
While it may not be good news for everyone it is fair to say that Asia Pacific associates have seen partnership promotion prospects rise in recent years.
Also on TheLawyer.com:
- Appleby has obtained a licence from China’s Ministry of Justice to offer offshore legal advice in the country
- Lawrence Graham has surrendered its Singapore foreign law practice licence and formal law alliance in preparation for its merger with Wragge & Co this week
- Baker & McKenzie is in the process of opening a third office in Australia with the hire of two partners in Brisbane
Company – Dentons: Shanghai shortens term for industrial land-use rights
Regulatory – Hogan Lovells: New rules provide a framework for Shanghai free-trade zone to open the doors on VATS: a cause for optimism?
Banking – Minter Ellison: Wake-up call for watchdog after inquiry
Corporate – Dentons: Overview of the Hong Kong Licensing Regime
Company – Hogan Lovells: Streamlining the Chinese merger control process — further implementing rules issued