Harneys expands its Asia operations again with Shanghai office

Harneys has expanded its Asia operations further with a representative office in Shanghai, which is now open.This is Harneys’ third office in the region – the firm already operates in Hong Kong and Singapore.
Managing Director Kristy Calvert, who has worked in Shanghai for more than a decade and led Ogier’s Shanghai representative office, is heading Harneys’ Shanghai presence. Kristy served as legal director for Rio Tinto China/Asia and prior to that worked onshore at Weil Gotshall and Sidley Austin.
“The mainland China market is a very interesting market for offshore right now with the local PRC firms transitioning into full service international firms capable of managing more complex and cross-border work as lead counsel and linking up with other global firms to extend their reach,” said Asia Managing Partner Jonathan Culshaw. “Together with the slow but steady liberalisation of the PRC’s capital markets, an increase in outbound work and more offshore funds being established from PRC’s key centres this bodes well for offshore business. Launching our Shanghai presence with the benefit of Kristy’s unrivalled expertise and experience gives us a unique opportunity to continue to grow and develop our business in this most exciting of markets.”
“I have witnessed tremendous growth and the increasing sophistication of the Chinese legal profession in recent years,” said Kristy. “This has brought about an increasing use of offshore structures in both onshore M&A and outbound transactions as the leading SOEs and private enterprises see the benefits offered by offshore financial centres in global transactions.”
Harneys’ new Shanghai representative office provides a client liaison function supporting the Hong Kong office’s supply of legal transactional, restructuring and litigation services as well as Harneys Fiduciary into the PRC. Harneys’ Asia based lawyers speak a range of languages including Mandarin, Shanghainese and Cantonese.
“2015 has been a year of unprecedented expansion for Harneys in which we have opened our doors in Tokyo, Bermuda and now Shanghai,” said Executive Committee Chairman Peter Tarn. “This extension of our global footprint allows us to provide even more clients with direct, timely, commercially minded counsel alongside local market expertise.”
Harneys’ Asia operation has experienced enormous success and expanded significantly in recent years. Harneys Hong Kong, which marks its 10th anniversary this year, is one of the largest offshore firms in Hong Kong with 73 staff, 35 of whom are lawyers. Its IFLR1000 ranking advanced in the 2016 guide – it is now ranked in tier two for both Investment Funds and Financial & Corporate. Harneys’ Asia-Pacific practice was promoted to Band 2 in Chambers’ latest Asia-Pacific directory. Harneys Singapore launched last year and was already shortlisted as Offshore Firm of the Year in the Asian Legal Business South East Asia Law Awards 2015.