US firms flock to Hong Kong

US firms are flocking to Hong Kong with 46 of the top 100 US firms (by revenue) having a presence in the city. In the past year firms such as Locke Lord Bissell & Liddell; Gibson, Dunn & Crutcher; Wilson Sonsini Goodrich & Rosati; and Nixon Peabody have set up shop in Hong Kong. Other cities in Asia that have been attracting the attention of US law firms are Beijing (with 39 of the top 100 firms), Shanghai (37), Tokyo (29) and Singapore (17). 33 of the top 100 US firms have no presence in Asia, and this group includes most of the firms the highest revenue per lawyer, including Boies, Schiller & Flexner and Williams & Connolly, Wachtell, Lipton, Rosen & Katz and Cravath, Swaine & Moore.

US firms flock to Hong Kong Mon, May 16, 2011