Eight months after Duane Morris announced plans to create a Shanghai office, the office has formally opened for business, the firm has announced.
The firm announced today that the Ministry of Justice of the People’s Republic of China granted approval and licensure, allowing the office to officially open. A total of five attorneys will work in the new office. In addition to supporting inbound investments, the attorneys will have a particular emphasis on outbound investment for Chinese corporations, according to a statement from the firm.
“Our Shanghai opening is another significant milestone in the firm’s growth in Asia, and complements our extensive experience handling China-focused matters for numerous multinational companies,” Duane Morris chairman and CEO John J. Soroko said in a statement. “Shanghai is another step in our long-term strategy for our international operations generally and for Asia specifically. We intend to facilitate the growth aspirations of Chinese companies seeking to invest abroad. Additionally, many of our clients are themselves entering or expanding in the Chinese market, and we are now even better positioned to assist them.”
Attorneys will advise Chinese and foreign clients on foreign direct investment, mergers and acquisitions, market entry, outbound investing, taxation, licensing and joint ventures, intellectual property matters, reporting requirements and regulatory issues, the firm’s statement said. Managing director Leon Yee will serve as chief representative of the new office.
This is the third international opening for Duane Morris since 2013, which saw the creation of offices in Oman in March and Myanmar in September. The firm also formed Duane Morris & Selvam LLP in Singapore in 2011.