China’s second-largest firm poised to launch in London

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  • The Chinese are moving into professional services even more quickly and aggressively than could have been expected.
    UK firms still have a window of opportunity to scale up and build a proper global platform before the tidal wave hits fully, but it is closing.

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  • But will PRC law ever challenge the international dominance of New York law and English law among clients, for everything from corporate deals, fund formation to finance?
    Probably not in the short term. Which means even Chinese companies operating globally will still have to turn to UK and US law firms for business critical advice.....which may in turn drive Chinese law firms to urge their regulator to allow mergers with foreign firms to create Sino-centric global firms. Then the fun would really begin.

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  • They had 7 partners in mid-2008 according to Asian Legal Business ( http://china.legalbusinessonline.com/law-firms/yingke-named-fastest-growing-firm-in-china/985/46612)

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  • Yingke had 7 partners in May 2008(http://china.legalbusinessonline.com/law-firms/yingke-named-fastest-growing-firm-in-china/985/46612)

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  • Seems to be a huge franchise operation akin to everyone's favourite fast food eatery. That is how it can grow so fast.
    But, from franchises very good law firms do eventually develop and become 'proper firms' e.g. Bakers.

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  • The Chinese are coming. Watch out...

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  • I interned in Yingke HQ this summer, they have real desire to grow very quickly . This will be big move into the european legal market.

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  • Hahahahaha! Oh yes, Yingke, they are going to wipe the floor with Jun He (the Peking University elite), Haiwen (Slaughter's choice firm for banking & finance) and Fangda (arguably best PE PRC firm).

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  • Will use referral firms for now but what happens when they create scale in inbound work?

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  • They have already destroyed western manufacturing, so I suppose it was only a matter of time before they started focussing on professional services.
    Ironic in view of their constant stream of invective against imperialism that they are the new empire builders - and they don't even have to use force to conquer their rivals.
    How long before we are all subjects of China?

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