The Lawyer Asia
The number of foreign firms in mainland China has dipped for the first time since the country opened its door to non-domestic firms in the early 1990s.
The first ever report into the financial results of the elite Chinese firms, The Lawyer China Elite 2015, was published on Monday.
Following a long period of consultation and internal discussion, Zhong Lun’s partners have decided on a clear international strategy to remain independent and build up its own international reach through overseas offices and a “best friends” network.
Last week, Allen & Overy (A&O) became the third magic circle firm to launch an office in South Korea with the relocation of Tokyo partner Matthias Voss
The first week of September saw a noticeable number of partner moves in Asia. Reed Smith and Baker Botts picked up three partners each to build up their presence in Singapore and China respectively.
Carey Olsen has joined the increasing number of offshore firms with a Singapore presence by launching in the city-state with the hire of former Allen & Overy (A&O) partner Linda Lee.
The number of foreign firms in mainland China has dropped for the first time since the country opened its door to non-domestic firms in the early 1990s.
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partnerships with private firms, tax reforms and export incentives in the frame.
For the first time, Chinese firms can be ranked by revenue, and one thing is clear, most of the elite Chinese firms have enjoyed stellar growth in the past year. How?
International firms have generally positioned themselves well for Asia-Pacific’s rise – teething troubles aside. But it is the locals, particularly in China, who show the biggest appetite for its business, growing faster and wider than the globals.