Riding China’s record-setting outbound investment boom, the country’s largest law firms are catching up with their global counterparts in financial performance. A historic volume of $221 billion in mergers and acquisitions, as measured by Thomson Reuters, brought high demand in legal services.

This year our ranking of the top-grossing Chinese firms has expanded to 40 firms, with total revenue of $6.1 billion. Global giant Dentons remains at the top of the list with $2.2 billion in revenue, while King & Wood Mallesons, despite a crisis that eventually placed the firm’s European arm under administration in the United Kingdom, has managed to hang on to second place with $806 million in revenue. Third-ranked Zhong Lun Law Firm increased its revenue by 18.4 percent to $373 million.

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