With more law firms in the market than ever before, how can a company choose the right one? By Julia Zhu and Raymond Yang
Since the first Chinese law firms appeared around 25 years ago, their number has grown exponentially. The number of international law firms with a local presence has also rocketed. Around 200 foreign firms now have representative offices in China, while the number of domestic firms has long exceeded 10,000.
How should a company choose among so many suitors? Similarly, what qualities should law firms possess to win the heart of a Chinese client? Over the past three months, China Business Law Journal has conducted a detailed survey on such issues, looking first at the way companies in China select their law firms, and the thought processes and considerations that are taken into account during the process. Second, the survey examines the reasons companies give for changing their law firms.
Third, we examine the differences of opinion among domestic and international businesses in China towards local and international law firms, and satisfaction levels with the service and fee structures of law firms.
Finally, we asked for recommendations of law firms that have provided good service in the range of practice areas.