UK firms look to emerging markets for growth

July 9, 2012 Large UK firms seem to have heeded the warning set by Dewey & LeBouef, which showed the dangers of rapid expansion. Instead, these firms are pursuing a more modest expansion strategy that focusses on the oppportunities in emerging markets.

Allen & Overy, for example, derives 22 per cent of its revenue from emerging markets, up from 15% a few years ago. The firm launched an office in Vietnam a month ago, following a Jakarta launch 17 months prior.

Clifford Chance saw revenues from Asia increase by 28 per cent in the past year, thanks in part to an expansion into Australia.


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