Law Firms
Clifford Chance Expands in Singapore, But Plans to Close Hungarian Office
Posted Jun 30, 2009, 09:37 am CST
By Martha Neil
As Clifford Chance expands its practice in Asia, it is also eliminating one of its offices in Europe.
Arbitration specialist Nish Shetty of the Wong Partnership will be establishing a southeast Asian disputes practice in Singapore for the London-based megafirm, reports the Law Central blog of the London Times.
At virtually the same time, Clifford Chance has also announced that its Budapest office will be spinning off by the end of July. The new firm, Lakatos Köves & Partners, will continue to work closely with Clifford Chance.
Managing partner David Childs explains the Hungarian lawyers did good work for Clifford Chance, but his firm no longer needs an office in Hungary. “Our strategy is to develop our firm in those areas that are most important to our major international clients, and this is where we must concentrate our investment,” he says.
Related earlier coverage:
ABAJournal.com: "Clifford Chance May Lose #1 Spot, as Revenue Drops 5% to $2.04B"
ABAJournal.com: "How Clifford Chance Intends to Rebuild Decimated NYC Litigation Team"