China Exporting Legal Services

by Editors on October 7, 2015

China Exporting Legal Services photoFor those who are focusing on the increasing competition between US and EU-based law firms, don’t forget to follow China:

“China is known for its exports, but legal services? Chinese law firms have begun to export legal services beyond its vast domestic market and to create an international footprint. The domestic success of China’s largest firms, liberalized trade agreements, key alliances with Hong Kong firms, and international strategic planning are all factors in fueling the outward reach of China’s legal services…China is a hotbed of legal activity, both inbound and outbound. A Chinese firm recently launched an IPO and more will surely follow…All told, China is emerging as a serious player in what is increasingly a global legal marketplace. It may not be too long before legal services become another major Chinese export.

Read: China’s Latest Export: Legal Services at Bloomberg BNA Business of Law


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