In brief: Linklaters gains Shanghai licence for office

Linklaters has been granted a licence for its so far unofficial Shanghai office. The firm's Hong Kong partner Andrew Carmichael said: “Having a legitimate office on the ground is a great help during negotiations on deals. Clients know people are actually there and can officially do things.” The Chinese government's granting of a further batch of licences to around 20 foreign firms last week is the first evidence that it is sticking to its promise to the World Trade Organisation to get rid of a ceiling of 80 foreign law firms permitted to open in the country. China has also said it will allow firms to open in more than one City if it is granted entry to the WTO.