Given the high-profile collapse of its European arm, it is inevitable that King & Wood Mallesons (KWM) has been rethinking its global plans.

Roughly five months after the legacy SJ Berwin business officially became the  U.K.’s biggest-ever law firm failure, and about seven months after news reports said KWM had discussed a global tie-up with the U.S. firm Morgan, Lewis & Bockius, the Asia Pacific legal giant’s ambitions are lying distinctly closer to home.