London law firm McCarthy Denning has formed an alliance with Singapore-based legal boutique ArrowGates in a move to grow its Southeast and North Asia presence.
The association entails fee sharing and grants access to ArrowGates’ network of relationship firms across the region for the London firm, which was granted alternative business structure status three years ago and operates a flat structure of partner and senior associate-level lawyers.
This gives McCarthy Denning a boost in its ability to advise clients on cross-border matters in previously untapped jurisdictions including China, Hong Kong, Indonesia, Malaysia, Vietnam, Cambodia, Myanmar and Thailand.
WanHsi Yeong and Roy Ong, ArrowGate’s two-person team, will be supported by McCarthy Denning’s newly appointed private client partner, Zac Lucas, who will divide his time between the UK and Asia.
Before co-founding ArrowGates, Yeong worked in the Singapore offices of Shearman & Sterling and Duane Morris. Ong previously had spells at White & Case and Clifford Chance.
Lucas joins McCarthy Denning after a two-year break from private practice while co-founding UK reg-tech company Centenal. Before that he was a private client partner at firms including Gowling WLG in Singapore, and Ogier and Harneys in the British Virgin Islands. His arrival takes McCarthy Denning’s lawyer headcount up to 58.
ArrowGates is focused on venture capital, private equity, wealth management and family office markets, providing services around finance, M&A and regulatory matters.