The Recession's Not Over for China's Law Firms

The Recession's Not Over for China's Law Firms
While the concern some Chinese firms had for the recent economic problems is understandable, many would argue that the impact of these problems was not nearly as severe in China as in many parts of the world. In any case, it is good to see that the Chinese firms also are starting to see the light at the end of the tunnel. More important, this article underscores the increasingly interconnected nature of the world of international legal services. No one is immune from severe economic problems wherever they may occur. As we see further globalization of legal services, which will most certainly be the case as the recovery takes hold world-wide, I suspect that more firms are going to start to take this into account in their future planning. If you were burned once, you will try to avoid getting burned again.