The world’s largest law firm by fee-earners, Dentons, is continuing its relentless global expansion as it announces new combinations with seven law firms across Africa, the Caribbean and South East Asia today (14 March).
Dentons is combining with Hamilton, Harrison & Mathews in Kenya, Mardemootoo Solicitors and Balgobin Chambers in Mauritius, Dinner Martin in the Cayman Islands, Delany Law in the Eastern Caribbean, Hanafiah Ponggawa & Partners (HPRP) in Indonesia, and Zain & Co in Malaysia. The combinations mean the firms become full voting, contributing and participating members of the Dentons group, and are expected to launch later this year subject to partner approval and meeting regulatory requirements. Continue reading “Seven wonders: Globetrotting Dentons combines with firms in Africa, the Caribbean and South East Asia”
Allied branch will act independently to chambers
Essex Court Chambers strengthened its Singapore ties in November by bringing in four advocates to become overseas members, but was later asked by Singapore’s Ministry of Law to explain itself after initial media reports implied the set had formally opened a Singapore law branch. Continue reading “Essex Court forced to clarify position after local Bar outcry over its Singapore play”
Bird & Bird continues to invest in its international operations, launching its second Dutch office in Amsterdam 16 years after opening in The Hague.
However the new base, operative in January 2018, will not have any permanent staff but act as a hub for the firm’s lawyers to meet with Amsterdam-based clients as well as providing a flexible working space. Continue reading “International doubles – Bird & Bird and Herbert Smith Freehills open new hubs in Amsterdam and Sydney”
It has achieved long-term revenue growth through sustained international expansion – particularly in Asia in recent years – but Bird & Bird has made what it will consider a significant step forward for its ambitions in the region – a non-exclusive co-operation agreement with leading Chinese firm AllBright Law Offices.
The deal, which will see both firms work together on a preferred supplier arrangement, will enable Bird & Bird to build deeper relationships with Chinese clients. As part of the agreement, Allbright Law Offices will gain a base in Europe, with the firm opening its own operation within Bird & Bird’s Fetter Lane headquarters, staffed in the medium term by a permanent representative. Continue reading “Breaking China – Bird & Bird signs co-operation agreement with local leader AllBright”
Two Global 100 firms have made opposing international moves this week, with Linklaters signing a partnership with a local firm in Saudi Arabia while Hogan Lovells announced the closure of its Mongolia base.
Linklaters announced today (11 October) it has entered a formal agreement with 20-lawyer Zamakhchary & Co (Z & Co), meaning two lawyers from the Magic Circle firm will be based in the kingdom. Continue reading “Looking east: Linklaters cements Saudi partnership as Hogan Lovells shuts Mongolia base”
Top-50 insurance specialist Kennedys has made an ambitious bid to further increase its global footprint, today (2 October) announcing the opening of new offices in Paris and Bangkok.
With the launches in France and Thailand, Kennedys has brought its tally of new international offices opened this year to nine. Continue reading “International moves: Kennedys in double office launch as Bird & Bird plans San Francisco base”
When the global financial crisis struck in 2008, the impact reverberated far beyond the traditional financial centres of the West. Initial speculation was that Asia would be relatively well insulated from the crisis due to the growing financial independence of the region. Instead, the effects hit at a speed and depth that surpassed all expectations. Under fire, financial institutions sought to reduce their exposure to the region, resulting in a steep decline in the value of currency and equity markets, at a time when the price and volume of exports was plummeting.
The immediate impact of the crisis gave way to an equally brisk recovery, bolstered by strong domestic demand in China and Indonesia preventing both economies from falling into recession. But while sophisticated financial centres were swift in their regulatory response to the crisis, particularly where reform to over-the-counter financial products and transparency were concerned, much of Asia has lagged behind. Continue reading “Banking on change”