In recent years a few international law firms have set up joint operations or alliances with Chinese law firms in the Shanghai Free Trade Zone. In this article, our consultant Betty Chen highlights some of the reasons why a lawyer might want to consider a move to an alliance firm and also discusses where the demand currently is.
As an international and Chinese law firm alliance, there is a lot of expectation to integrate services between the two firms. This is not always that easy and does take time. The firm can often go through a period of time where things are difficult; however, there are a number of positive reasons why a lawyer might consider a move to one of these firms.
Where is the demand?
The alliance Chinese law firms are building a well-rounded legal services capability and as a result there are opportunities across the spectrum. Legal talent is needed in:
Faced with the challenges of peer and PRC law firm alliances, international law firms need to come up with new strategies in order to compete. With this in mind, we expect more and more international law firms to turn to this option in order to succeed. Currently there are three international law firms in alliances approved by the Shanghai Justice Bureau: Baker Fenxun, Holman Fenwick William Wintell & Co and Hogan Lovells Fidelity. There are still a few international law firms considering setting up as a joint operation in the Shanghai Free Trade Zone, and we expect to see more announced in the future.
For more information on the market or if you are considering a move within China please contact Betty Chen on firstname.lastname@example.org.