UK and global law firms are increasingly relocating senior partners and practice group heads to the Asia-Pacific region as they continue to pin their hopes on the market, despite the recent downturn in activity in areas such as capital markets. A survey of 30 UK and US law firms by Legal Week found that 57% of those firms now have at least one global practice head, department co-chair or deputy chair based in Asia, with the majority of these appointed since the start of 2010. Freshfields Bruckhaus Deringer, Clifford Chance (CC) and Herbert Smith Freehills each now have at least two international practice heads based permanently in the Asia-Pacific, compared with one or fewer in 2010.
March 27, 2013 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
UK and global law firms are increasingly relocating senior partners and practice group heads to the Asia-Pacific region as they continue to pin their hopes on the market, despite the recent downturn in activity in areas such as capital markets.
A survey of 30 UK and US law firms by Legal Week found that 57% of those firms now have at least one global practice head, department co-chair or deputy chair based in Asia, with the majority of these appointed since the start of 2010.
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