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New York-based Shearman & Sterling has opened an office in Shanghai, the firm's third base in China.
The Shanghai outfit will practise projects, finance, capital markets and M&A law for clients in Central and Southern China and follows the firm's offices in Beijing and Hong Kong.
The Shanghai team will be led by partner Andrew Ruff and consists of six lawyers. Ruff said: "We anticipate continued robust growth in Shanghai and expect to increase staff by the year-end to about nine lawyers."
Shanghai is Shearman's 20th location. As reported by The Lawyer exactly one year ago, (10 July 2006), the firm has been planning the launch since 2006, but has delayed any move pending regulatory approval from the Chinese Ministry of Justice.
Beijing managing partner Lee Edwards predicted at that time that the firm expected to have the Shanghai office, its second in mainland China, operational by the fourth quarter of 2006 or the first quarter of 2007.