Our annual survey of law firms in the Asia-Pacific region shows rapid expansion for Asia-based firms over the past five years, far eclipsing the growth rates of the biggest U.S. or global firms.
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Despite decades of debate, the U.S. legal market appears no closer to settling the thorny issue of whether law firms should be permitted to have nonlawyer owners. U.S. lawyers frustrated by this lack of progress might cringe at new accounts by Gateley showing that partners in the U.K. firm earned nearly $8 million from share sales last year.
Already a regional power in public international law, Foley Hoag on Monday launched a United Nations practice group, thought to be the first of its kind at an Am Law 200 firm. Christina Hioureas, whose parents fled the Greek military junta in the 1970s, heads the new five-lawyer group.
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