Taylor Wessing launches Hong Kong office

hong-kong-3-web_616x372Taylor Wessing has launched a base in Hong Kong, through an association with local firm HM Chan & Co.

The base in the special administrative region will be the firm’s third in greater China, adding to its existing presence in Shanghai and Beijing

German partner Jakob Riemenschneider – who has relocated from Munich – will head the new office.

HM Chan & Co was established last year by managing partner Mark Chan, who left Berwin Leighton Paisner’s (BLP) Hong Kong office in May 2015. He joined BLP in 2012 from O’Melvany & Myers, where he was counsel.

The firm focuses on corporate, M&A, capital markets, and regulatory and compliance work.

Taylor Wessing managing partner Tim Eyles said: “Given our considerable experience in supporting international businesses developing in the Asia region, having operated in China for 20 years and Singapore for five, we are well placed to support our clients to capitalise on these opportunities and Hong Kong is the natural next step for our growth.”

The new office continues Taylor Wessing’s expansion in Asia. Last month, the firm announced it had tied up with local Vietnamese firm PBC Partners.  The two firms formed an alliance in 2014 under the banner of PBC Partners & RHTLaw. The new firm will be led by Tran Thanh Hai as managing partner and Benjamin Yap as senior partner.

Last week, Taylor Wessing posted its financial results – announcing a 4.4% increase in UK revenue to £126.6m in 2015-16 and a slight increase in profit per equity partner from £767,000 to £770,000.

The firm has also provided its global revenue on a constant currency basis, with turnover from its UK and international operations coming to £254.5m from a restated figure of £251m for 2014-15 – an increase of around 1%.