Haiwen & Partners recently launched an office and an association in Hong Kong to ride the rising outbound investment wave of Chinese companies. “It is an obvious trend that Chinese law firms have become more international, and many have set up overseas offices,” Lu Guiping, a partner at Haiwen & Partners in Hong Kong, told China Business Law Journal.
“More law firms are going out, mainly because of the increasing business demand. The internationalization of Chinese companies will inevitably lead law firms to go out; otherwise Chinese law firms won’t meet the needs of their clients, at least to some extent.”
In concurrence with establishing the new office in Hong Kong, Haiwen established an association with Lu & Associates, a Hong Kong firm set up by Haiwen – Lu is also the principal of Lu & Associates. He said the two firms are different entities, but their lawyers work in the same office in Hong Kong.