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Global accounting firm Deloitte has confirmed that it will launch a 25-lawyer Hong Kong law practice in January.

The new firm will have six partners, all hired from local firms, and focus on corporate and commercial matters, according to Patrick Yip, Deloitte’s Hong Kong-based deputy China managing partner for tax and legal. Yip declined to name the partners and the law firms they’re joining from, citing confidentiality.

Yip said the new law firm will enable Deloitte to give clients integrated solutions in Hong Kong and help it compete with its Big Four rivals, but the accounting giant has no interest in competing with the global law firms such as the Magic Circle firms.

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John Kang, The Asian Lawyer

John Kang covers the business of law in Asia and Australia from Hong Kong. Email him at [email protected]

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