The legal industry has seen a spate of tie-ups between Hong Kong- and mainland China-founded firms, suggesting that Hong Kong local practices are reassessing their futures as independent firms.
May 14, 2024 at 12:42 AM
7 minute read
Asia Editor
The Hong Kong legal market is going through a paradigm shift.
International law firms are scaling back in the city in droves and cross-border work has all but dried up, threatening domestic Hong Kong law firms and their livelihood. Recent news about Mayer Brown separating from its Hong Kong affiliate, setting the stage for a potential revival of the homegrown Johnson Stokes & Master brand, is fueling discussion about the future of Hong Kong practices.
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