McDermott, Will & Emery exited the Asia market in 2020, but a year later it set up in Singapore with some some highly extravagant team hires. Now, three years later, the firm has just one partner remaining in the city-state and he is dually based, splitting his time between Singapore and London. What led to McDermott's undoing, asks the Asia Legal Briefing.
April 16, 2024 at 03:59 PM
8 minute read
Asia Editor
Money cannot buy you happiness, the saying goes. It can buy books of businesses, but it certainly cannot promise success.
I’ve been thinking a lot about the hiring of lateral partners who promise hefty books of business. I know this seems a bit counterintuitive since many more firms are pulling out of Asia (mostly China) than are digging in at the moment. But hear me out.
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