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Instant Insights / Law Firms in China Refocus as Legal Business Shifts

Ten years ago, opening offices in Hong Kong and mainland China was the “it” strategy for many Big Law firms, as the country’s economy began to mirror Western capitalism. At that time, much of the investment was flowing in to China, with law firms eager to snag real estate work, IP matters and manufacturing deals. Today, there’s still work to go around, but much it is centered on outbound investment. In this Instant Insights, we show which firms are adapting to the changes in an era of slower growth, political tension and rising financial barriers.

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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.

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Anna Zhang

Email: azhang@alm.com

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