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A strong belief that mergers and acquisitions in 2007 could eclipse last year's dealmaking activity is driving record levels of M&A-related hirings and new-office launches in the early months of the year.
Shanghai is home to American Securities Capital Partners', Beringea's, and Troutman Sanders' newest offices. Texas Pacific Group became the first global buyout shop to launch an office in Russia.
Duff & Phelps recently set up shop in Paris, and fellow law firm Davis Polk & Wardwell has been granted a license to open an office in Beijing. …