The firm has announced that it is taking steps to open an office in Shanghai.
By Tom Brennan, July 31, 2013 :: Firms
The tie-up will create a new firm with 2,700 lawyers and more than $1 billion in annual revenues.
The internal investigation follows Chinese government allegations that the British drugmaker's China operation engaged in widespread bribery to boost sales.
Delhi-based Singh & Associates has received approval to open a representative office in the island nation.
The 550-lawyer Australian firm's client ultimately paid almost $6.5 million in a settlement with the tax office.
Partners at London-based SJ Berwin are preparing themselves to vote on a combination with Sino-Australian firm King & Wood Mallesons.
Lawyers in the Japanese market say cultural differences and an inability to attract the best local talent has hurt many international firms' efforts to build bengoshi practices and compete with the top local firms.
The Texas firm, a leader in outbound energy deals for Chinese oil companies, says it will consolidate its China practice in Beijing and Hong Kong.
The U.K. firm is tying up with local firm Clasis, which is led by a former Clyde & Co arbitration partner.
The shifting market, a series of departures and leadership changes—in the U.S. as well as Asia—have raised questions about the firm's Asia strategy. But chairman Bradley Butwin insists that O'Melveny's commitment to Asia is as strong as it ever was.