Ernst & Young (EY) has launched a legal services arm in China by incorporating local firm Chen & Co into its network. In accordance with PRC regulations, which restrict international firms from practising local law on the ground, EY has created an affiliation with the Shanghai-based firm, as opposed to a shared-ownership structure, in a bid to tap China's growing legal services market.
February 20, 2014 at 03:21 AM
1 minute read
The original version of this story was published on Legalweek
Ernst & Young (EY) has launched a legal services arm in China by incorporating local firm Chen & Co into its network.
In accordance with PRC regulations, which restrict international firms from practising local law on the ground, EY has created an affiliation with the Shanghai-outfit, as opposed to a shared-ownership structure, in a bid to tap China’s growing legal services market.
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