International capital markets lawyer David Cameron set up his own corporate law firm, David Cameron Law Office, in Hong Kong on 22 February, from where he aims to provide his considerable base of Indian clients with cost-effective solutions.
Cameron has worked with most of the big Indian banks and all of the major domestic law firms. He leaves Candy Pang & Co, where he was a solicitor for seven months. Prior to that, he was a capital markets partner at Dorsey & Whitney.
“I have been doing India work my entire career and I have a vibrant network there,” he told India Business Law Journal. “Being at my own firm means I can be cost-efficient while maintaining quality for my clients in the country.”
Among Cameron’s significant India work, he advised on: Axis Bank’s US$500 million green bond in 2016 – the first green bond to be certified by the Climate Bond Initiative; the first masala bond by a non-banking financial company, Fullerton India; and State Bank of India’s US$2.3 billion qualified institutional placement in 2017, which was the largest to date at the time.
The new firm advises on general corporate matters, capital raising and contract law. It also has specialized areas in structuring transactions, advising corporate trust clients and assisting with stock exchange and listing venues.
Cameron said his was “uniquely positioned” between the large US and UK law firms with offices in Asia, and the smaller domestic law firms based in Asia. “There aren’t really any startup or mid-market international law firms in Asia where you have seasoned practitioners at the helm, and at a more reasonable cost,” he said. “If you want international legal advice in Asia, your main choices are one of the UK ‘magic circle’ firms, or one of the large US firms, either of which can be expensive.”
Cameron is a dual-qualified Hong Kong solicitor and New York attorney, and has featured on IBLJ’s International A-List.