Clifford Chance has entered into an association with Indonesian firm Linda Widyati & Partners (LWP) in a further bid to cement its presence in the Asia Pacific.
The firm, which has been advising on Indonesian matters from its hubs in Singapore and Hong Kong for over 30 years, has relocated M&A chief Jeroen Koster from Amsterdam to lead the association.
Clifford Chance said the associated firm would focus on corporate M&A, banking and finance and capital markets work.
Koster was replaced on the partnership council in 2012 (29 February 2012) after being re-elected to sit on it in 2010 (8 March 2010). He specialisies in cross border mergers and acquisitions and contractual and corporate partnerships.
It is the latest in a host of bids to boost the firms presence across the Asia Pacific region. In December 2012 Clifford Chance teamed up with Singapore litigation boutique Cavenagh Law to form an integrated full service offering in the jursidction under the banner ‘Clifford Chance Asia’.
It took the form of a formal law alliance (FLA), which allows the two firms to provide Singapore and international advice from a joined-up platform. The firm was the first to take advantage of new government rules to allow FLA firms to share profits (11 December 2012).
It was also the first foreign firm to submit a preliminary application to launch an office in Seoul, gaining approval on 16 July 2012 (16 July 2012). The firm is only able to practice the law of its home jurisdiction in Seoul.
The firm also announced a partnership in Saudi Arabia earlier this month by transferring longstanding co-operation firm Al-Jadaan’s two partner transactional practice into the firm (6 January 2014).
Clifford Chance has been in Asia since 1980 when it opened an office in Hong Kong. By February 2013 the Asia Pacific practice boasted 79 partners and 289 associates across nine offices with a total annual turnover of £185m.
Clifford Chance operates across the region with offices in Bangkok, Beijing, Hong Kong, Perth, Seoul, Shanghai, Singapore, Sydney and Tokyo and has 400 lawyers in Asia Pacific alone.
The latest firm to form a strategic alliance in Indonesia was Squire Sanders, which formed relationship with seven-partner Indonesian firm Melli Darsa & Co in November (18 November 2013). The bid to tap into one of the world’s fastest growing emerging economies came a year after the firm launched in Singapore (11 April 2012).
DLA Piper also entered into a strategic alliance in Indonesia in May with Indonesian firm Ivan Almaida Baely & Firmansyah (IAB&F) (1 May 2013). It was set up to focus on servicing international and domestic corporations, investors and state-owned enterprise.