Bird & Bird has just become the latest firm to expand its footprint in the Asia Pacific after signing alliance agreements with two Indonesian firms last week. Yet the appetite for growth across the region slowed in 2013. According to one partner at a firm in the region, it’s a sign of a maturing market.
The Lawyer Asia Pacific 150 2014 rankings, published today (30 June), show lawyer headcount at the top international Asia Pac firms grew by 4 per cent between 2012 and 2013. That compares with 12 per cent growth for independent firms.
Eversheds saw the biggest drop off, with lawyer numbers contracting by 23.5 per cent. At the other end of the scale US firm K&L Gates reaped the benefits of its 2012 merger with Middletons, increasing headcount by 423.3 per cent.
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