The Asian lateral market has seemed relatively quiet in the last month, with most activities relating to local law firms rather than international players. In HK, the local firms Hugill & Ip and De Heng; in Singapore, Shook Lin & Bok and Fortress Law; in Seoul, local Koren firms Kim & Chang and Yulchon; and in Sydney, Hall & Wilcox, Hamilton Locke and McCullough Robertson, all hired serious partners from local and international counterparts such as Paul Hastings, Withers, K&L Gates, White & Case, Clyde and PwC Legal etc.
In China, local PRC law firms such as Da Hui, Jingsh, Co-Effort, Joint-Win and Baijus continue to set up new offices, expanding their domestic coverage and capability. White & Case just announced their annual global promotions of partners, and this time 4 are based in Asia including 1 in Singapore and 1 in Shanghai. Another US law firm, Winston & Strawn, has announced that it is closing down in HK – another development impacting on how this complicated Asian legal market is evolving.