TOKYO (June 21, 2007) – LAWFUEL – The Legal Newswire – Bingham McCutchen LLP, a 1,000-lawyer U.S. firm with global capabilities, announces that it will combine with New Tokyo International Law Office, a premier insolvency, corporate and litigation firm of approximately 22 lawyers. The combination will increase the number of lawyers in Bingham’s Tokyo office to more than 50 Japanese lawyers and six foreign lawyers.
The combination with New Tokyo, founded by Mitsue Aizawa and Yutaka Kimura, expands Bingham’s on-the-ground capacity in Asia and further bolsters its renowned cross-border restructuring and insolvency practice. The New Tokyo firm is also known for its corporate finance practice, representing major corporations, financial institutions, insurance companies and investment banks. Earlier this year, Bingham combined with another leading restructuring firm, Sakai & Mimura, founded by Hideyuki Sakai, with approximately 20 Japanese lawyers (bengoshi).
“We’re creating a client-driven leading restructuring, financial services and corporate firm with solid resources in Japan, further expanding Bingham’s global reach,” said Bingham Chairman Jay S. Zimmerman, noting that the opening of Japanese financial markets has spurred exceptional activity, fueling corporate deals and intellectual property transactions.
Most recently, Bingham’s Tokyo office represented Calpis in its $900 million acquisition by Ajinomoto, two major players in Japan’s food and beverage industry. “Bingham is positioned to accommodate clients based in Japan and those conducting business there,” said Zimmerman.
Aizawa noted that legacy New Tokyo clients are increasingly thinking of overseas strategies. “We want to be able to provide our clients the global backup they need,” she said. “By joining Bingham, we are increasing our ability to provide one-stop services in the corporate and corporate compliance area. Moreover, our depth of practice in insolvency and the insurance area combined with Bingham’s insolvency proficiency gives us tremendous strength.”
The addition of the New Tokyo firm, with its 22 Japanese lawyers, and the pending arrival of 10 new Japanese lawyers to Bingham’s Tokyo office later this year, will bring Bingham’s number of bengoshi to more than 50, among the highest for foreign law firms in Japan. In addition, Bingham’s Japanese Practice, with its 50 lawyers outside of Japan, focuses on large-scale, cross-border financial restructurings, corporate/M&A and finance matters, and has significant intellectual property, antitrust and litigation strengths.
The combination will take effect on or around October 1, the anticipated completion date of Bingham’s new and expanded Tokyo office space. (Pursuant to Japanese bar rules, lawyers from both firms must occupy the same space in order to combine officially.)
With lawyers in 13 offices, Bingham, www.bingham.com, is known worldwide for its legal work in complex financial and corporate transactions, securities and other regulatory matters, and high-stakes litigation.