Counting blessings
China’s leading law firms are beginning to see an acceleration in revenue growth, but new strategies are required for a transforming domestic economy. China Business Law Journal conducted its annual legal market survey for 2021 with 94 leading law firms to seek their views on trends of the past year. Winny Zhang reports
DATA MOTION GRAPHICS
RECENT STORIES
What’s ahead?
We gathered opinions from legal professionals on their hopes and plans for this year, and what they have done to survive the past tumultuous years
On the money
As part of our annual exploration of billing rates, we decided to begin analysing specific sectors for an insight into how fee practices vary
The hit list
Slow turnaround time and overpricing are the biggest turn-offs for in-house counsel in the region when dealing with their law firm counterparts, according to our survey
The business of billing
A climate of competition has kept legal fees stable as lawyers strive to provide certainty and prove their credibility
Enforcing integrity
Insolvency board makes greater use of enforcement mechanisms to ensure compliance with the bankruptcy code
Keymasters
The June report expected global foreign direct investment (FDI) flows in 2022 to move on a downward trajectory or remain flat at best, while signaling an increasing trend in FDI screening among developed countries
Counting blessings
China Business Law Journal conducted its annual legal market survey for 2021 with 94 leading law firms to seek their views on trends of the past year
Eyes forward
The leaders of international and domestic firms in China have their eyes firmly on the prizes of the future
Condition critical
A conflict has played out before several judicial forums over the fate of Future Retail, a company in grave health with creditors and two of the world’s richest men entangled in its fate
Monkey business
India’s NSE scandal comprising a mysterious Himalayan yogi, a “group operating officer” who had never worked in the securities market, and a board that looked the other way shows that it takes only a few key individuals to tarnish even a hallowed institution
Hard talk
Our sister publication Asia Business Law Journal’s survey gets the real opinions of regional in-house counsel when it comes to legal services from law firms, and they’re not pulling any punches
Priced to please
While several practice areas have been particularly active this year, Chinese law firms are actively optimising their billing arrangements to meet the rising demand for high-quality services in a legal market where fee structures are still dominated by businesses
