A number of partners have already been asked to leave. The Hong Kong-based global firm has been trying to cut costs in the EMEA region, resulting in the firm moving to a lower cost office in Milan and subletting some of its office space in London, Paris and Frankfurt. According to Legal Business, the firm has already lost some partners that it would have liked to keep - particularly from the private equity team which has been the recipient of attractive offers from high-paying US law firms in London. Senior partner Stephen Kon said: 'We look at our partnership and performance on a regular basis in order to manage our business in a sensible and prudent way'. Source: Legal Business
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