As the global economy continues to feel the effects of the 2008 recession, it faces both short and long-term challenges. But new and exciting opportunities are being created as the world’s markets walk the road to recovery. Southeast Asia has become an area of growth, attracting many firms and attorneys wishing to expand their portfolios abroad. The legal market in Asia is continuing to grow at record speed, changing the landscape for expatriate lawyers with an increase and broadening of opportunities for associates, partners and firms, a rapid and substantial deal flow.

According to the American Lawyer, Am Law 100 law firms had mild gains in 2012. They reported that gross revenue for Am Law 100 law firms was up 3.4 percent, average revenue per lawyer was up 2.6 percent, and average profits per partner were up 4.2 percent. Notably, this growth was uneven and the more successful firms tended to have a strong international presence, and well as a diverse set of practice areas.

Asia is a strong area of international growth and this extends to the legal sector. The Asian legal market is on pace to double in size by 2017, according to Asia Law Portal. Their analysts project the Asian legal market to grow 6 to 7 percent over the next 8 years, creating a strong incentive for U.S. and U.K. to get on the ground floor for fear of being left out. (more…)

November 15th, 2013

Posted In: Asia Jobs, Asia Market Watch, China, Hong Kong, India, Japan, Partner Watch, Practicing in Japan, Recent Posts, Recruitment, South Korea


Allen & Gledhill has advised DBS Bank Ltd as the arranger, Deutsche Bank AG Hong Kong Branch as the issuing and paying agent and the Central Moneymarkets Unit lodging and paying agent, Deutsche Bank AG Singapore Branch as the Singapore paying agent, and DB Trustees (Hong Kong) Ltd as the notes trustee and the security trustee, in respect of the establishment of a S$300 million (US$234.78m) multicurrency medium term note program by HanKore Environment Tech Group Ltd. HanKore issued S$50 million (US$39.13m) fixed rate notes due 2015 on 1 August 2013 under the program. DBS was the dealer of the notes. Partners Margaret Chin, Ong KangxinDaselin Ang, and Sunit Chhabra led the transaction. (more…)

August 26th, 2013

Posted In: Asia Market Watch, China, Deal Watch, Hong Kong, India, Japan


Mayer Brown has represented Hanergy Holding Group Ltd, China’s largest private renewable energy company, in respect of its US acquisition of Global Solar Energy Inc, a leading manufacturer of copper indium gallium diselenide (CIGS) solar technology based in Tucson, Arizona. Partners Xiangyang Ge and Paul de Bernier led the transaction.


August 12th, 2013

Posted In: Asia Market Watch, China, Deal Watch, India


Baker & McKenzie has also acted as REIT trustee’s counsel for Regal Real Estate Investment Trust (Regal REIT), thru its trustee DB Trustees (Hong Kong) Ltd, in respect of Regal REIT‘s HK$4.5 billion (US$580m) term loan and a HK$300 million (US$38.67m) revolving loan in July 2013, both of which are for a term of approximately 5 years. The new term loan will be used for refinancing the existing term loan facility that will mature on 9 March 2015. The revolving loan will be used for general corporate funding purposes of Regal REIT. Partners Milton Cheng and Andrew Lockhart led the transaction. (more…)

August 6th, 2013

Posted In: Asia Market Watch, China, Deal Watch, India, Japan


Latham & Watkins has represented Baring Private Equity Asia and Nord Anglia Education (NAE) in respect of NAE’s acquisition of WCL Group Ltd for an enterprise value of US$222 million and the US$125 million senior secured bridge loan used to partially fund the acquisition. The firm also represented NAE in its US$165 million senior secured note offering used to refinance the bridge loan. The note offering was completed on 3 July 2013. Partners Bryant Edwards and Tim Gardner led the transaction. (more…)

July 29th, 2013

Posted In: Asia Jobs, Asia Market Watch, China, Deal Watch, India, Japan


Appleby has acted as Cayman Islands counsel for S Culture International Holdings Ltd in respect of its listing on the Main Board of the HKSE on 11 July 2013, with gross proceeds of approximately HK$107 million (US$136.8m). Partner Judy Lee led the transaction whilst Wilkinson & Grist, Jun He Law Offices, Lee, Tsai & Partners, and MdME Lawyers and Private Notary advised as to Hong Kong, PRC, Taiwan and Macau laws, respectively. Pang & Co, in association with Loeb & Loeb, advised the sole sponsor, RHB OSK Capital Hong Kong Ltd, as to Hong Kong law. (more…)

July 22nd, 2013

Posted In: Asia Market Watch, China, Deal Watch, India, Japan


Amarchand Mangaldas has appointed Yashojit Mitra as a partner in the general corporate practice of its Mumbai office. Mitra is also a qualified solicitor and admitted to practice in the Supreme Court of England and Wales. He is a graduate of law from Symbiosis Society’s Law College, Pune (2003) and was awarded the Namdar Gopalakrishna Gokhale Gold Medal by the University of Pune for his LLB. Mitra joins from Economic Law Practice where he was a partner and played an important role in the growth of the corporate and investment fund practice. He specialises in M&A and private equity. (more…)

July 15th, 2013

Posted In: India, Japan, Office Openings/ Partner Moves & Promotions


Davis Polk has advised China Investment Corporation (CIC) in respect of a block trade by its wholly-owned subsidiary, Chengdong Investment Corporation, of 1.2 billion shares of GCL-PolyEnergy Holdings Ltd. The transaction raised approximately HK$2.24 billion (US$2588.86m). The shares are listed on the Main Board of the HKSE. CIC is a sovereign wealth fund headquartered in Beijing. GCL-Poly Energy is a green energy supplier based in China. It is one of the largest suppliers of polysilicon in the world and also operates large-scale solar farms globally. Partner Paul Chow led the transaction.


July 8th, 2013

Posted In: Asia Market Watch, China, Deal Watch, India, Japan, Taiwan

As the U.S. economy shows signs of recovery this year, many Americans are expecting for the jobs lost to their cheaper and more efficient counterparts in the East to return home. As the one of the first Presidents to grapple with the shifting global economy naturally, President Obama is the most prominent advocate for “insourcing”. During his re-election campaign the President often said that he “want[ed] to be a pioneer of insourcing” and since then, global companies such as Apple and Lenovocurrencies have said that they plan to bring production facilities home from Asia. China’s rising wage costs and declining labor force seems to motivate insourcing enthusiasts however, the U.S Bureau of Labor says that even though China’s labor costs are rising hourly manufacturing still costs about 25 times less than that in the U.S. (more…)

February 22nd, 2013

Posted In: Asia Market Watch, China, Dollars and Yuan, India, South Korea

Foreign firms are starting to proactively approach foreign universities seeking attorneys for their China offices. US and UK firms have always been eager to bring over bilingual expats from the US, UK and AUS. Over the last few years, firms have been increasingly focusing on attorneys with exposure in the US, UK or AUS, preferably with a US J.D. or LL.M. as well as international law firm experience. Firms are realizing that strong legal technical skills and a foreigneducation are equally as important as language skills, top local academics and even a book of business. The bar has been set higher, but for those of you who fit this specific skill set, opportunities are plentiful and it’s very important that you make the right decision. It can be difficult in an ever-changing market like China and Japan to make this decision.


November 21st, 2012

Posted In: About Us, Asia Jobs, Asia Market Watch, China, Expat Life, Expat Lifestyle Guide, Hong Kong, India, Middle East Market Watch, Office Openings/ Partner Moves & Promotions, Partner Watch, Practicing in Japan, Recent Posts, Recruiter, Recruitment, Uncategorized

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