Cleary Gottlieb Has Expansion Plans

Cleary Gottlieb Steen & Hamilton plans to focus on growing its presence in Hong Kong, New York and London. The firm is famous for rarely making a lateral hire and it continues to be cautious about making such decisions. But, the firm’s finances fared better after the economic downfall than many other US firms. Its total revenue declined by $4 million to $965 million and its profit per equity partner remained the same.

Source: wwww.thelawyer.com

Tags:  Cleary Gottlieb Steen & Hamilton LLP | Hong Kong

Sidlet Austin Makes Partner Hire in Hong Kong

Sidley Austin has made a substantial addition to its Hong Kong office. Alex Lloyd has joined the office’s U.S. Corporate Finance department starting May 1st. Lloyd has practiced in Hong Kong for the last five years. He received his J.D., cum laude From Georgetown University.

Source:  www.businesswire.com

Tags:  Hong Kong

Law Firms Focusing on Asia

Law firms, such as CMS Cameron McKenna, Latham & Watkins and Shearman & Sterling, are expanding in China. Camerons plans on launching a new office in China this year. Latham & Watkins is in the midst of opening its office in Beijing. Shearman has recently boosted its Hong Kong office with two lateral partner hires from O’Melveny & Myers. Colin Law and Peter Chen have jumped the O’Melveny ship.

Source:  www.legalweek.com

Tags:  Hong Kong

IP Expected to Boom in Asia

Intellectual Property lawyers are foretelling some major growth in the practice field throughout Asia.  Connie Carnabuci and Mark Parsons, both lawyers with Freshfields in Hong Kong, explain that the economic decline, changes in regulation, and an increase of IPR awareness are playing off of each other and subsequently increasing work for IP lawyers in Asia.  In short, the downturn is increasing the willingness of businesses to protect what is theirs, since so much has already been lost.  The money-making options are slimmer than they once were, so businesses feel a greater need to protect what is rightly theirs.  China’s States Intellectual Property Office has noted a 19% increase in patent applications since the implementation of a national IPR strategy.  This growth may also be seen in law firm response.  The following firms have boosted their IP groups in Asia:  Bingham McCutchen, Deheng, and Rouse and Dacheng.  

 

Source:  www.asialegalbusiness.com

 

Tags:  Hong Kong