KPMG Global Legal Services network has expanded its legal capabilities in Asia Pacific by establishing a new law firm in Hong Kong, known as SF Lawyers.

Amidst reports that Chinese tycoons are moving their wealth into family trusts to protect their assets from taxation, the newest member of the KPMG’s Global Legal Services network, SF Lawyers will initially commence operations with four senior hires and two senior associates joining either now or over the next few months, and plans for around 20 lawyers to join in the first year.

At the same time KPMG announced that an additional launch of legal services in Shanghai i...