The continued growth and expansion of Chinese multinationals, as well as domestic changes in Chinese views, has led to the rise of in-house counsel in China. Read more in this article by Jack McDouall:
“China arguably shows the greatest progress among all the BRIC countries, with an economy that’s now the second largest in the world. Chinese businesses continue to level the playing field with Western companies with new products and ideas. Yet from bureaucracy to cultural differences, the challenges of operating in China are well known. In order to stay competitive and address the global needs of customers, both Chinese businesses and foreign companies operating in China are rushing to develop sophisticated corporate legal departments.”
Read: The Rise of the In-House Legal Counsel Role in China at MLAGlobal