Breaking News

Bloomberg: China Law Offices Grow as US, UK Firms Shrink
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Bloomberg reports that while law firms in the US and UK are shrinking, their offices in China expanding.

Twenty-eight foreign firms have opened offices in mainland China since September 2006, a 19% increase to 177 firms.

The continued expansion comes as some of the largest U.S. and U.K. law firms cut jobs at home because of the global financial crisis. While China isn’t immune — new share sales collapsed to $7.9 billion last year — lawyers said the country’s growing importance to clients makes it an essential location for global law firms, along with New York and London…

  
What
Where


With the world’s largest foreign-currency reserves and third-largest economy “it’s now at the center of resolving global economic, financial and political crises,” [Christopher] Stephens, [Asia managing partner of Orrick, Herrington & Sutcliffe] said. San-Francisco based Orrick cut 40 structured-finance, real estate and corporate lawyers worldwide in November.

Latham & Watkins LLP, based in Los Angeles, expanded its Hong Kong office this month into a local law practice with the addition of seven lawyers from Allen & Overy LLP, including the U.K. firm’s former Asia corporate chief, Michael Liu.

Via Bloomberg.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Commercial Counsel

USA-NY-New York City

ROLE: Commercial Counsel LOCATION: New York, United States Excellence thrives h...

Apply now

Attorney

USA-NJ-Pleasantville

Attorney Wanted for civil litigation Law Firm which focuses on insurance defense, located in Pleasan...

Apply now

Litigation Paralegal

USA-TX-San Marcos

We are a fast-paced, established family-oriented law firm in San Marcos, Texas looking for an experi...

Apply now

Family Law Attorney

USA-FL-Dade City

Mander Law Group, an AV rated, full-service Florida law firm, seeks an associate attorney to join ou...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Venture Capital Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks corporate business attorney with...

Apply Now

Real Estate Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks transactional real estate attorn...

Apply Now

Experienced Health Care Attorney

USA-ME-Portland

Portland office of a BCG Attorney Search Top Ranked Law Firm is seeking health care attorney with 5-...

Apply Now

SEARCH IN ARCHIVE

To Top