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 news was revealed as a result of The Lawyer’s 2015 China Elite report, which was released last week.
There were 170 foreign firms with 225 representative offices in 2014, according to the latest official list published by China’s Ministry of Justice. Both figures were down on the previous year, which recorded 178 firms and 232 offices. [continued]
To find out more about China’s leading local and international firms and the latest market trends, read the executive summery here or contact Richard Edwards (Richard.edwards@centaurmedia.com) to purchase the full report.
Also on TheLawyer.com:
- Herbert Smith Freehills has revamped its executive board for the first time since the 2012 merger with a number of big names stepping down as terms reach an end
- King & Wood Mallesons has rejigged its practice areas as part of a major Chinese shake-up following its partner conference in Shanghai this month
- Hogan Lovells has ended its relationship with Indonesian association firm Hermawan Juniarto, three years after the tie-up started
