In 2006 Fried, Frank, Harris, Shriver & Jacobson made a dramatic entry into the Hong Kong legal market, raiding Simmons & Simmons for nine partners. With the opening of a Shanghai office the following year, the New York firm’s push signaled its intention of becoming a major player in Asia.

This past April, Victoria Lloyd, who was most recently Asia capital markets practice head, joined the Hong Kong office of Ropes & Gray and became the seventh of those former Simmons partners to leave Fried Frank. Two of the group—Huen Wong and Phillip Nunn—are still at the firm but are now consultants rather than partners.