Posted on July 18, 2013 at 3:07 AM
In another sign of growing legal opportunities for American lawyers in China, the General Counsel of the U.S. Department of Commerce is leading a Legal Services Trade Mission to Beijing and Shanghai from September 16 to 18 this year. The ABA and the General Counsel want to introduce U.S. law firms without a presence in China to the Chinese market. Additionally, both organizations hope to open up the Chinese legal services market to increased practice by U.S. firms.
U.S. firms that already have a presence in China are continuing to expand, with the top 350 firms as ranked by The National Law Journal increasing their presence rapidly. In this year's report, lawyer headcounts grew 11 percent in Beijing and 5.6 percent in Hong Kong. That's just counting already existing firms. As more new US-based law firms open practices in China, openings for lawyers will expand rapidly and the process of transitioning to practicing law in China will become even easier.
"As China seeks to transition from a manufacturing, export-based economy to a center of international business and finance, its need for sophisticated multinational legal and financial services is growing," stated a release from the General Counsel of the U.S. Department of Commerce. "Opportunities exist for U.S. law firms providing legal services in a number of practice areas, including capital markets, mergers and acquisitions, international trade, inbound and outbound investment, shipping, and intellectual property rights."
The trade mission will consist of a U.S. government hosted legal forum, government meetings, networking receptions, and expert briefings. The deadline to apply is August 16. The cost for large firms is $4300 and the cost for small and medium firms is $4000. Learn more about applying here.
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