There is a striking shift in global trade patterns with telecommunication, commodities and energy trading drive new international transactions. With this move, the legal sector is realigning itself in the shift work patterns to suit. Natural resources and the pull of the red dragon is more players than ever in international trade. Accordingly, international law firms are moving manpower resource rich countries and Asia using the new global dynamic. In China eating up resources at an ever increasing, there is enough money around, but if you go in the right place.
Among those who relocated Norton Rose, Stephenson Harwood, UGGC & Shareholders as well as “legal service provider Thomson Reuters, who all chose to move away from the more developed markets in the new law limits the legal profession. Leading gold, platinum and copper hurry Norton Rose, a global tie top 10 announced with Canadian law firm, Ogilvy Renault, late last year as it tries to expand into Canada, a global natural resources. Norton Rose announced in November that it would be the addition of the Canadian outpost and follows mergers Deneys Reitz, a leading South African law firm and deacons Australia, as the former British law firm seeks to spots close between the outbound Chinese investments demand and local expertise.
Not satisfied with extending things on the inbound side, Norton Rose has also beefed up its Asian offices, hiring more Asian expertise in the form of Ashurst partner Ashely Wright in Singapore to head up the Asia Pacific oil and gas team and Charlotte Robins, a Clifford Chance consultant, a partner in its Hong Kong corporate group. For more information about Norton Rose’s international expansion looks Westlaw Business Currents section Norton Rose and Ogilvy Renault: Global Law Firm M & A, Fueled by Hot Energy Deals. Stephenson Harwood is also active in increasing Asian presence. It recently hired Michael Guilday as an external consultant for the Hong Kong investment funds practice, as international interest in RMB Private equity funds continue to grow.
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