John Elliott Joseph Bauerschmidt The new year kicked off with a potential watershed moment in China's rapidly developing legal market. DENTONS and Chinese firm DACHENG LAW OFFICES sealed a deal that will see the two firms combining to form a new 6,500 lawyer outfit under a Swiss verein structure–a form of voluntary association which is a popular entry strategy for international firms into domestic markets. The merger will create the world's largest firm by headcount. On top of that, Dacheng then brought in a team of six equity partners from local firm Haworth & Lexon to strengthen its presence in Shanghai. In Australia corporate partner, John Elliott, joined rival global firm NORTON ROSE FULBRIGHT in Sydney from independent Clayton Utz. Norton Rose Fulbright was in the news again, relocating its Asia Pacific energy head, Vincent Dwyer, from Sydney to Singapore. Also in Singapore KING & WOOD MALLESONS has been granted a foreign law practice licence by the Attorney General's Chambers in Singapore. Its practice will focus on international funds, energy and resources, and China inbound-outbound work.
February 23 2015