Aflurry of foreign firms have set up shop in China recently, launching operations in Beijing and Shanghai in response to upticks in business or the need to service clients.
Firms that have opened or intend to open offices include: Anderson Mori & Tomotsune; Ashurst; Berwin Leighton Paisner; Clyde & Co; Covington & Burling; Eversheds; Haynes and Boon; Kirkland & Ellis; Kilpatrick Townsend & Stockton; Seyfarth Shaw; Stephenson Harwood; Fenwick & West; and Wilson Sonsini Goodrich & Rosati.
Lawyers representing these offices commented on the influx, with some warning they expect consolidation and closures as a result of the increased competition.
Lai Voon-keat, managing partner of Stephenson Harwood for Greater China, told China Business Law Journal that both Beijing and Shanghai are becoming increasingly mature for international law firms.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
