Leading Spanish firm Cuatrecasas has taken a step towards opening its first office in China, winning a Shanghai practice licence and applying for a national licence.
The firm expects the central Chinese government to award the national licence in July and to be able to launch its own office in Shanghai by the end of the year.
Cuatrecasas chairman Emilio Cuatrecasas told The Lawyer: “Each year there is more investment from Spanish companies into China. We want to accompany our clients there.”
The firm has been using the Shanghai office of UK best friend Herbert Smith since May last year, sending out senior lawyer Omar Puertas to lead a team of three lawyers.
Cuatrecasas has made international expansion a focus of its strategy this year, and is considering establishing a small presence in Mexico in the office of relationship firm Creel García-Cuéllar y Müggenburg.
The Spanish firm has also approved a new wave of partner promotions, making up 19 new partners to take the firm past 200 partners in total.