China Law & Practice Awards 2007: The Finalists
The inaugural 2007 China Law & Practice awards are being given to recognize excellence in China's legal services field. China Law & Practice provides a definitive list of the top law firms serving the China market.
Date:
September 2007
Keywords (click to search): [winners] [awards] [ceremony] [recognition] [law firms] [legal market] [prize] [deals] [structured finance]
By Brandon Kirk of China Law & Practice
Since China Law & Practice was first published over 20 years ago, China has seen explosive growth in its legal services market. The country now has about 120,000 lawyers for a population of 1.3 billion, and it is reported that the number of private law firms in China has grown to over 30,000 from 60 in 1993, with the quality of services improving dramatically.
As China has opened up to the outside world, a large number of international firms have flocked to the PRC to serve the businesses that have helped to turn the nation into an economic powerhouse. As with other industries, China's legal services market has been quickly brought up to speed with international standards, thanks to quality local and overseas education for PRC practitioners, plentiful opportunities brought by foreign investment, as well as the experience and know-how of international legal partners.
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