News in brief – March 2017

News in brief – March 2017

FRESHFIELDS SIGNS 20-YEAR LEASE ON NEW HQ

Freshfields Bruckhaus Deringer has signed a pre-let agreement on a 20-year lease in February to move from existing premises in Fleet Street to 100 Bishopsgate in 2021. The Magic Circle firm will reduce its London real estate by roughly a third when it takes out 255,000 sq ft of office space.

 

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Osborne Clarke continues Asia phase of international expansion with Singapore tie-up

Formal association with former Bird & Bird partner forms OC Queen Street

Last month saw Legal Business 100 top 25 firm Osborne Clarke (OC) continue the ‘second phase’ of its international growth by entering into a formal association with new Singaporean firm, OC Queen Street. Set up by a former partner of Bird & Bird ATMD, Chia-Ling Koh, OC Queen Street will focus on IT, data and IP, and will initially serve clients in the digital and fintech sectors. Koh will be joined later in the year by further partners and support staff.

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Comment: Singapore swing – HSF’s Leydecker on the island state’s threat to the dominance of English law

English lawyers have long had an edge over their US and continental colleagues. English law was established early as the law of trade, business and increasingly projects – a throwback to the days of the Empire. This was a major driver of growth for UK-based firms in recent decades, but it is well known that New York law has become a rival to English law, especially in banking and finance, as corporates tap into the deep US debt markets.

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Asia: Nabarro hires Clyde & Co senior disputes partner to head Singapore office

Joining the spate of firms to bolster their offering in Singapore in recent months, Nabarro has today (30 April) announced the appointment of senior disputes partner Steven Lim, the founder and managing director of Clyde & Co’s joint venture partner Clasis, to head its Singapore office.

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