White & Case has formed an alliance with Hong Kong boutique firm Laracy Gall in a move anticipating a rise in work flowing from corporate failures.

The marriage will see Laracy Gall's co-founder Nick Gall and his 12 insolvency specialist litigators working closely with White & Case's banking, capital markets and private equity teams.
 
"With White & Case's non-contentious practice combined with Laracy Gall's contentious practice, the alliance is set to provide a more comprehensive service in financial restructuring and insolvency," John Hartley, head of White & Case's Asia banking, finance and restructuring practice, told ALB. However, he said that there were no plans for further alliances with other firms in Asia.

Nick Gall also refuted media claims that the arrangement would see White & Case subsume Laracy Gall: “It is just an alliance. Laracy Gall will keep its own brand and own team. We are a small firm but we have one of the largest insolvency teams in Hong Kong.”