Hong Kong is once again set to be the year’s top market worldwide for initial public offerings, despite anti-government protests and trade tensions between the U.S. and China. And in recent months, a surprising group of law firms has started to get in on the action: shipping firms.

Even as several established IPO players have been strategically retreating from the market, Holman Fenwick Willan, Ince, and Hill Dickinson have all launched Hong Kong IPO practices this year as part of a diversification effort to move away from the stagnant shipping market.