FAMILY offices, venture capitalists and crypto billionaires have mushroomed across Asia, creating a wealth of work for law firms with private client teams.
Their demands are validating a decision by law firm Withersworldwide to expand into the private client space when many law firms were exiting to focus on corporate work.
“Twenty years ago, the private client arena was regarded as a bit of a Cinderella area,” said Margaret Robertson, chief executive of Withers, who recalls many Wall Street law firms and big London law firms getting out of the business at the time.
“People saw it as dwindling, and I think they saw the world’s wealth being dealt with in a very institutional way.”
Withers...
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