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2027 Edition
Banking
42 firms ranked
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Capital markets : Debt
40 firms ranked
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Capital markets : Equity
51 firms ranked
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Financial services regulatory
30 firms ranked
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Hedge funds
16 firms ranked
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M&A
62 firms ranked
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Private equity
44 firms ranked
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Private equity funds
31 firms ranked
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Restructuring and insolvency
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Retail funds
18 firms ranked
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Linked Reviews
Financial and corporate

Established in 1851, Deacons is Hong Kong’s oldest and largest law firm with 300 lawyers and further offices in Guangzhou, Beijing and Shanghai. The firm has connections with independent law firms across the world through its membership of legal networks such as Lex Mundi, Interlex, World Services Group and Employment Law Alliance. 

  

Focusses / specialisms  

Deacons has the largest investment funds team in Hong Kong and dominates in retail funds. It covers PRC-related funds and mandatory provident funds, which are unique to Hong Kong. The firm also has strong capital markets, corporate and regulatory practices and is active in banking and the restructuring and insolvency area. 

 

Key clients  

Key clients of the firm include Aberdeen Standard, AEM Asset Management, AllianceBernstein, BOCHK, CCB, Centaline Investment Advisory, Sumitomo Mitsui Trusts, The Wharf, The Kuok Group, Lai Sun Group, Kerry Group, BFAM Partners and Brookfield 

 

Client feedback: 32nd edition (2022/2023) 

Financial services regulatory 

“They know the law and practice well, their advice is always reliable and helpful.” 

 

Investment funds 

“Deacons’ team has abundant knowledge in the area of investment funds and has been diligent and responsive when providing services to client.They also have good quality control and are able to apply working standards consistently in every project we work together.” 

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Partners at Deacons, Cheang & Ariff, and AZB & Partners discuss the 2026 equity capital markets outlook in Hong Kong, Malaysia, and India
The influx of mainland Chinese companies seeking dual share listings and increasing investor appetite for the Hong Kong stock market are driving the IPO frenzy
The new regime has attracted the attention of local and global issuers but licensing standards are expected to be high
Crypto experts expect regulators to update the over-the-counter derivative regulatory regime for virtual assets to plug the supervision gap
Financial services a key draw for law firms looking to expand in the Greater Bay Area
Changing client demands and uncertain geopolitical tensions weigh on law firms’ expansion into the Greater Bay Area
Beyond a tax concession scheme, HK needs to provide more carrots to win over family offices
Hong Kong is catching up to Singapore in regulating virtual assets but a lack of clarity remains as it transitions to a new framework
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