What does China mean to law firms?
The unfortunate truth is, too much… …rarely do international law firms get the return on the investment they make in China that they do in other jurisdictions (for example the Middle East right now; but Malaysia and South East Asia if we want to look closer to home!). If you don’t believe me, take a quick look at the number of firms who have entered/exited the China market in the past 15 years…
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