X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Hong Kong Hong Kong. Credit: e X p o s e/Shutterstock.com

Locke Lord’s recent decision to shutter its Hong Kong office brought the number of Am Law 100 firms that exited the market in 2020 to three. Last May, I wrote in this column that finding the right practice and committing to it with the right people was key to succeeding in a competitive market such as Hong Kong’s. There was an important part of the equation that wasn’t quite discussed in that piece: local law. And Locke Lord is—or, rather, was—a good place to have that discussion.

As far as Texas firms are concerned, Locke Lord was an outlier when it came to Hong Kong. The firm opened its office there in 2011 amid a sea of U.S. law firms trying to develop a Hong Kong law practice to capture work in the buzzing capital markets space. That was not the case for the Texas firms. At the time, the two Texas firms already in Hong Kong—Vinson & Elkins and Baker Botts—both focused only on foreign law work.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Anna Zhang

Anna Zhang is the Hong Kong-based Asia Bureau Chief for Law.com International. She writes about lawyers and legal issues across Asia. Her coverage includes the business of law, global and domestic law firms, in-house legal departments and regulatory issues. She can be reached at [email protected]

More from this author

Think Globally

How does your firm compare against firms around the globe? Evaluating a potential global alliance? Find critical information on the Global 200 law firms in Legal Compass - compare financials, track laterals, and more.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.