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Bingham To Open Hong Kong Office
Coming late in the game to the China market, Bingham McCutchen announced on Nov. 13 that it will open a Hong Kong office on Jan. 1.
Although the now-disbanded Coudert Brothers opened the first Hong Kong office by a U.S. firm in 1972, Bingham Chairman Jay Zimmerman said 2007 is the right time for his shop.
'Our strategy has always been to build upon our strengths,' Zimmerman said. 'Following the lead of our highly successful London office, the Hong Kong office will advise existing financial-institution clients on investments in Asia.'
The three-lawyer Hong Kong office is the firm's second in Asia. Bingham has a Tokyo office that houses three attorneys, according to the firm's Web site.
Other firms have more robust and established Asia practices, but Bingham's London Managing Partner James Roome said his firm's office will be different.
'The globalization of distressed investing by hedge funds and investment banks is leading us to Hong Kong,' said Roome, who practiced in Hong Kong from 1984 to 1988 with England's Simmons & Simmons. 'A lot of firms have gone to Hong Kong, but not necessarily to do this.'
Roome will head the Hong Kong operation. London finance partner Kate Walters will move to Hong Kong to run the office. Joining Walters will be London corporate associate Angeli Arora and associate Charles Rogers, who Bingham grabbed from Jones Day's Hong Kong office.
Roome said the firm most likely won't expand the Hong Kong office beyond what's needed to serve current clients.
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