Chinese law firms are expanding aggressively within China, but top-tier Chinese firms have focused outward to international markets. With the Chinese cross-border deal market growing increasingly quiet, will these firms pivot toward mainland expansion?
February 29, 2024 at 09:31 PM
6 minute read
Asia Editor
The original version of this story was published on Law.com International
Last year, 30 Chinese law firms announced they would be setting up a total of 40 new offices in mainland China, according to an analysis of data conducted by Law.com International.
Of those 30, fewer than a handful are considered to rate among the country’s elite law firms, which have focused on securing and solidifying international market share, rather than expanding in the domestic Chinese market.
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