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.
The decision was made at the firm’s latest annual partners meetings in Shenzhen over the past weekend, as the majority of the partners voted towards the option of remaining independent and developing its own international network of preferred foreign firms, instead of entering into an exclusive relationship with an international firm.
The new strategy coincides with the firm’s localisation in Hong Kong. After five years of association with Hong Kong firm Boughton Peterson Yang Anderson, the two have recently merged with the Hong Kong firm changing its name to Zhong Lun. The integration allows Zhong Lun to provide both PRC and Hong Kong law advice in Hong Kong.
The firm’s confidence on independence was built on a staller year of growth in 2014, which saw its revenue jumping by 43 per cent. Looking out for The Lawyer’s China Elite 2015 report, which is to be published next week
According to The Lawyer’s China Elite 2015 report, which will rank the elite Chinese firms by revenue for the first time, Zhong Lun is the third largest Chinese firm by revenue, after Dacheng and King & Wood Mallesons.
Look out for The Lawyer’s China Elite 2015 report, which is to be published next Monday (28 September).
Also on TheLawyer.com:
- Ashurst has revealed a new international strategy after an independent review by consultants Bain & Co
- US firm Alston & Bird has launched its second overseas office in Beijing
- Allen & Overy has become the third magic circle firm to launch an office in South Korea with the relocation of Tokyo partner Matthias Voss
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