An increasing number of issuers on the Hong Kong Stock Exchange are exclusively relying on Greater China-based law firms for legal advice on IPOs. This shift in preference is evident as traditional ‘Big Law’ firms increasingly find it challenging to compete with Chinese firms on fees and to justify the low margins that come with the listings. The size of these listings are relatively smaller than the billion-dollar deals these traditional firms have been associated with in the past.
You can read more about the changing dynamics of the legal sector in relation to Hong Kong Stock Exchange listings
here.