China Watch – A foreign lawyer’s view from the inside By Margaret Taylor 23 February 2012 12:37 17 December 2015 13:38 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anon 9 March 2012 at 17:12 Mr Lewis seems to be making the classic mistake – so prevalent in the U.S. and UK – of confusing profit margin with quality and business strength. Aston Martin has a higher profit margin than Toyota, but Toyota is a vastly bigger company with vastly higher total profits, and a vastly higher total worth. To describe it as lower quality would also be absurd – its management is superior. Dacheng and Yinke are aiming to be the Toyota of the legal market, rather than the Aston Martin. The legal market is currently unusual in that many of the largest firms are also those with the highest profit margins. That is going to change radically in the coming years, and China-based firms will lead the change. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.