With private wealth growing faster in Asia than in any other region, it’s no surprise that a family and private client firm would want to expand its Asian footprint.
Having recently sealed an alliance with Australian law firm SBL Shmith and tax practice Balazs Lazanas & Welch, the UK’s Withers has now followed a similar strategy in Singapore, signing an alliance deal with local firm KhattarWong.
While the former deal was designed to tap into the trend of wealthy Asians moving to Australia, the latter has been established to take advantage of the growing number of high-net-worth individuals within the Association of Southeast Asian Nations (ASEAN).
With the launch of the ASEAN Economic Community at the end of this year expected to bring greater opportunities for businesses and individuals across the region, the deal has been well timed – especially as it will also give Withers access to Vietnam.
For more on what’s happening across ASEAN, check out our Southeast Asia Elite here .
Also on TheLawyer.com:
- America’s Milbank eyes South Korean market with the launch of a Foreign Legal Consultant Office in Seoul
- King & Wood Mallesons to target ASEAN with new Singapore base
- And, DLA Piper continues to rebuild depleted Asia practice with the addition of a Hong Kong corporate partner from MoFo