Taylor Wessing has announced that it will open in Hong Kong via an association with a local firm.
It will be a light launch of just two partners: Mark Chan, of the eponymous firm HM Chan & Co, along with Jakob Riemenschneider who is being parachuted in from Taylor Wessing's Munich office. The pair will be supported by five other fee-earners. A Taylor Wessing spokeswoman told RollOnFriday that it plans to hire additional lawyers in the coming months.
Chan said that the "fit and values" of the two firms are "completely aligned", which presumably means that copying the house-style for internal presentations won't be a problem. He added that it is a "very exciting move", although it is not clear how exhilarating it will be for Taylor Wessing given that HM Chan & Co is a relatively small outfit that has only been in operation for 14 months.
Tim Eyles, Managing Partner of Taylor Wessing UK, said "Hong Kong is the natural next step for our growth". The firm already has two offices in Greater China (in Shanghai and Beijing) as well as other offices in Asia, and it also launched in Vietnam last month. With other UK based firms treading carefully in an uncertain economic market, it remains to be seen whether a rapid expansion into Asia should be a strategic priority at this stage.
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It will be a light launch of just two partners: Mark Chan, of the eponymous firm HM Chan & Co, along with Jakob Riemenschneider who is being parachuted in from Taylor Wessing's Munich office. The pair will be supported by five other fee-earners. A Taylor Wessing spokeswoman told RollOnFriday that it plans to hire additional lawyers in the coming months.
Chan said that the "fit and values" of the two firms are "completely aligned", which presumably means that copying the house-style for internal presentations won't be a problem. He added that it is a "very exciting move", although it is not clear how exhilarating it will be for Taylor Wessing given that HM Chan & Co is a relatively small outfit that has only been in operation for 14 months.
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EcstaticTaylor fans in Hong Kong yesterday | |
Tim Eyles, Managing Partner of Taylor Wessing UK, said "Hong Kong is the natural next step for our growth". The firm already has two offices in Greater China (in Shanghai and Beijing) as well as other offices in Asia, and it also launched in Vietnam last month. With other UK based firms treading carefully in an uncertain economic market, it remains to be seen whether a rapid expansion into Asia should be a strategic priority at this stage.
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