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"Founded by Dr The Honourable P C Woo in 1945, shortly after the end of the Second World War, P C Woo & Co is one of the longest-standing law firms in Hong Kong. It has more tha..." read more
"From offices strategically located in the world’s principal financial centres, Fried Frank serves as counsel to many of the world’s largest companies, financial institutions and in..." read more

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Ellie Chu
+852 21112180
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+852 2905 5748
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Overview

After several years of fluidity, Hong Kong’s legal market remained fairly stable in 2012 and 2013. The preceding years involved a series of lateral partner moves, with Hong Kong qualified partners departing Magic Circle firms for US competitors. This was largely in the corporate and corporate finance sector, as US firms sought to exploit the buoyancy in the Hong Kong capital markets and an expectation that M&A, including People’s Republic of China (PRC) outbound acquisitions, would grow. However, since 2011, Hong Kong’s capital markets have been far from lively, particularly on the equity side. Even so, US firms such as Davis Polk & Wardwell LLP are clearly developing a greater market share and are eating into the traditional hegemony of Magic Circle practices such as Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters.

At the end of 2012, Davis Polk & Wardwell LLP made another huge splash by hiring celebrated litigator and financial institutions regulatory specialist Martin Rogers and his right-hand-man James Wadham from Clifford Chance. This precipitated a series of headline lateral moves in the financial institutions regulatory space, with Tim Mak leaving Herbert Smith Freehills for Freshfields Bruckhaus Deringer. These moves illustrate a recognition that regulatory issues and investigations are now big business for firms on a global basis and also that this area provides a counter-balance to a lethargic corporate finance segment.

International firms are on the whole still committed to Hong Kong, in part because of the attraction of it as a location for PRC and other Asian companies to raise money. Enterprises that list on the Hong Kong Stock Exchange will often continue to access the capital markets, whether through equity or debt transactions. In addition, they will be party to M&A transactions, disputes and all manner of matters that will come under Hong Kong law. And so for this reason, Hong Kong’s legal profession should remain in rude health for many years to come. At the time of going to press, King & Wood Mallesons and SJ Berwin LLP are set to merge in November 2013.

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  • Hengeler Mueller advises GlaxoSmithKline on its major multiple-part interconditional transaction...

    Hengeler Mueller is advising GlaxoSmithKline (GSK) on German corporate and real estate aspects as well as German employment and pensions aspects on two parts of the major three-part interrelated transaction with Novartis announced on 22 April 2014. The two parts of the transaction include GSK and Novartis combining their respective Consumer Healthcare businesses to form a new world-leading Consumer Healthcare business and GSK acquiring Novartis' global Vaccines business (excluding influenza vaccines) for an initial cash consideration of US$5.25bn with subsequent potential milestone payments of up to US$1.8bn and ongoing royalties.
  • Hengeler Mueller advises Talanx on first secondary listing of a German company on the Warsaw Stock E

    Talanx AG today successfully completed its listing on the Warsaw Stock Exchange. Following its IPO in Germany in 2012, Talanx shares are now also tradable in Warsaw (with a market capitalisation of just under €6.9bn). Talanx is the first German company with a secondary listing on the Warsaw Stock Exchange. The transaction was carried out by way of a special transaction structure concerning tradability and certification of the shares.
  • Mikhail Aleksandrov was a moderator of the discussion in the International Forum...

    Mikhail Aleksandrov, Partner of DS Law, moderated the panel discussion «Capitalising on New Large-Scale Opportunities in the Russian Infrastructure Sector».
    - DS Law
  • DS Law participated in the Lawyers Career Day in the MSLA

    On April 4 DS Law.Attorneys participated in the 8th exhibition-forum "The Lawyers Career Day" in the Moscow State University of Law by the name of O.E.Kutafin (MSLA) dedicated to the professional growth and career of associates.
    - DS Law
  • Mikhail Aleksandrov moderated the discussion in the Forum "Private Equity and Venture Capital"

    Mikhail Aleksandrov, Partner of DS Law.Attorneys, moderated the panel discussion "Capitalising on Large-Scale Opportunities in the Russian Infrastructure Sector" in the 10th International Forum "Private Equity and Venture Capital". The Forum was organized by C5.
    - DS Law
  • Pepeliaev Group at the 10th annual Legal Forum

    Pepeliaev Group has become the partner at Vedomosti newspaper's 10th annual legal forum, which will be held in Moscow on 17-18 April 2014. It is noteworthy that, 10 years ago, it was Pepeliaev Group that was the driving force behind the first forum. Now the event has become a landmark occasion in the Russian legal calendar. Over the last decade, major business figures have come together every year, hosted by the newspaper Vedomosti, to discuss the most pressing issues facing the legal sector and Russia's judicial system. The first day of the conference will feature a plenary session ‘Deoffshoring the economy and creating a favourable business environment', with Sergey Pepeliaev, managing partner of Pepeliaev Group, taking the chair.
  • Round table “Improvement of the transparency and effectiveness in the work of the Supreme Administ

    A round table was held on 15/04/2014 in "Sheraton" hotel in relation to the financed by OPAC project  "Improvement of the transparency and effectiveness in the work of the Supreme Administrative Court (SAC)". /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;}
  • “Popov and partners” will consult the Supreme Judicial Council

    In the beginning of April 2014 the Supreme Judicial Council chose "Popov & Partners" Law Office for consultant in the preparation of documentations according to the Public Procurement Act for selection of contractors for the supply of goods and services to ensure the institution's activities in the period between 2014 - 2015.
  • Kim & Chang: Korea Law Firm of the Year – The Macallan ALB Hong Kong Law Awards 2013

    Kim & Chang was selected as ‘The Korea Law Firm of the Year' at the Macallan ALB Hong Kong Law Awards 2013, surveyed and announced by ALB (Asian Legal Business), a renowned legal publication in Asia owned by Thomson Reuters.
  • Kim & Chang recognized as one of world’s top 10 pro bono firms- Who’s Who Legal Pro Bono Survey

    Kim & Chang was recognized as one of the top 10 pro bono leading law firms in the world according to Who's Who Legal Pro Bono Survey 2013 , published by Who's Who Legal, an international legal media. Kim & Chang is the only Asian firm to be selected.