The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Following a partners meeting in Hong Kong earlier this month, Clifford Chance has decided on a change to its Asian strategy.
The firm is understood to view China as a key market, particularly in light of its recent accession to the World Trade Organisation (WTO). A source said: "What's revised is the strategy. There's a significant re-emphasis on China." China joining the WTO will open a massive market for international law firms, which will need to have their strategies in place. The spokesperson added: "We'll gear up significantly over the next 12 months. We're sending two partners - Stephen Harder and Peiji Gao - out of Hong Kong to China." Relocating these partners to concentrate on exploiting opportunities in China is the initial phase of the firm's plan. Clifford Chance already has a strong presence in China. Thanks to its merger with Pünder Volhard Weber & Axster, the firm has been able to work around regulations prohibiting foreign firms from opening more than one office in the country. The firm has a Shanghai base under the Clifford Chance name and a Pünder office in Beijing. It also has a number of lawyers in its China practice working outside the country. Clifford Chance has a Beijing-Shanghai-Hong Kong-Munich network, which totals 50 lawyers focused on China-related matters.