综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Companies

US, China law firms pool their expertise

By Li Xiang (China Daily) Updated: 2016-07-14 09:10

Baker & McKenzie LLP, the world's biggest law firm by revenue, said it has been making progress in its joint operation with local Chinese law firm FenXun Partners, a move to expand its presence in the "brutally competitive" legal service market in China.

The two firms have jointly carried out about 70 projects involving technical advice in cross-border mergers and acquisitions, fundraising and antitrust issues, according to Milton Cheng, managing partner of the firm's Hong Kong office.

"It has been a success for us," Cheng said.

"We are getting the benefit of understanding how the Chinese law firms operate and gaining valuable perspectives on how Chinese clients are thinking."

In April the firm gained regulatory approval to set up a joint operation office with FenXun Partners in the China (Shanghai) Pilot Free Trade Zone, the first of its kind in the country.

The alliance allows the two firms to share their client bases and strategies while remaining structurally and financially separate.

The managing partner said the move was also seen as a sign of the gradual liberalization of China's highly restricted legal service market to international law firms, which have been facing competitive challenges in China.

Cheng said Baker & McKenzie has taken a long-term view on China despite the increasingly intense competition for international law firms due to the emergence of Chinese firms of sophistication and size.

"Pricing has been brutal for some types of work," Cheng said. "Law firms with less long-term views and less tolerance may be deterred by this. But we plan and invest for the long term."

The alliance between Baker & McKenzie and FenXun Partners, labeled as a prototype for foreign firm's operations in China, enabled the Chicago-based law firm to advise their multinational clients on both Chinese and international law.

The tie-up followed the merger between international law firm Dentons and Chinese firm Dacheng Law Offices in January, which created the world's largest law firm by lawyer headcount.

Erik Scheer, a member of the global executive committee of Baker & McKenzie, said that the firm's global clients have supported the joint operation with the Chinese firm.

"It is important for us to get a local operation in China as it brings our global clients closer to the market and the legal environment," he said.

Hot Topics

Editor's Picks
...
吉隆县| 凤城市| 鄯善县| 龙泉市| 汉中市| 临夏市| 全南县| 肥城市| 临夏县| 铁力市| 明溪县| 方正县| 高雄县| 怀化市| 扎囊县| 郧西县| 新建县| 镇巴县| 溧水县| 仙游县| 盐边县| 铜川市| 富源县| 阳江市| 湘西| 蓝田县| 江津市| 潞城市| 万山特区| 天峻县| 大埔县| 潮安县| 华坪县| 兰坪| 东乌| 永州市| 新晃| 陈巴尔虎旗| 囊谦县| 鞍山市| 涡阳县|