Amongst all the gloom and doom there are still a few who’d rather paint a rosier picture of 2009…
One of those is Richard Crosby, a partner with London-based law firm Norton Rose in Hong Kong who believes that the city can still benefit from its ties to China and other parts of Asia.
He is quoted in an article published by Business Week .com as saying:
"You have to look at it comparatively," says Crosby. "For Asia, it is better than anywhere else right now. People are still looking to invest here." While attorneys at the Hong Kong offices of other top U.S. and British law firms may have little work, Crosby says the 11 partners and 45 associates in Norton Rose’s Hong Kong office are "working pretty hard at the moment."
And Crosby doesn’t expect to see a lot of law firms pulling out of Hong Kong, either. "If you want to be doing things internationally, you have to be in this region," he says. "And for China, you have to be in Hong Kong."
