This Friday is 4 July, one of the biggest holidays of the year in the US, but for the country’s law firms – notably Davis Polk & Wardwell – that’s no reason to rest easy. At least not overseas.
As we report this week in the exclusive research contained in Asia Pacific 150 2014, the Wall Street titan has emerged as one of the biggest growers in Hong Kong. Indeed, according to data from the Law Society of Hong Kong, the number of Hong Kong qualified lawyers at Davis Polk surged by 65 per cent from 29 at the end of 2012 to 48 in April 2014.
In addition, Davis Polk grew headcount across its Beijing, Hong Kong and Tokyo bases from 87 lawyers in 2012 to 112 lawyers, including 14 partners, at the end of 2013. The growth, powered not only by capital markets work in the city but also by its regulatory and litigation practices (last year, it established its local litigation practice with the hire of Clifford Chance’s Asian litigation head Martin Rogers and partner James Wadham), means the firm has overtaken Latham, O’Melveny and UK firm Pinsent Masons to become the 20th largest player in the region.
Sounds like a cause for celebration.
Also on thelawyer.com:
- Quinn Emanuel fined $2m for leaking Apple/Nokia deal
- Revenue hits £1.359bn at Clifford Chance, PEP up 7 per cent to £933,000
- Orrick continues London growth spurt with Proskauer finance hire
- Baker & McKenzie promotes 65 to partnership, including four in London
- Also: Clients shun disaggregation model but stick to quality, The Lawyer research finds