In a year marked by significant shifts in the Chinese legal market, Shenzhen is emerging as a new locus of attention. Three international law firms have opened new offices in this thriving city, a noteworthy contrast to the reduction in presences seen in other established Chinese legal hubs such as Shanghai reported earlier this year.
Among the firms migrating towards Shenzhen is the international law firm Bird & Bird. In a statement released last month, the firm recognizes Shenzhen as a hub of China’s leading technology and life sciences companies, marking their office there as a significant stride in their Greater China growth strategy.
Also following the same path are Holman Fenwick Willan and Morgan Lewis & Bockius, both launching new offices in Shenzhen recently. These strategic moves by the firms underscore Shenzhen’s mounting importance in the legal landscape of China, as the city’s economy, especially in the sectors of technology and life sciences, continues to burgeon.
While these firms venture into the Shenzhen market, certain crucial questions remain: what are the opportunities that lie within and can a first mover advantage be achieved in this new and dynamic legal arena? For more on this story, here is the original article.