Law.com - Covington Set for Asia With Beijing Office Launch
Another firm is joining the throng with an office in Beijing. It is hard at the moment to have a "best friend" in China due to the absence of many local firms. Given the size of the market, it does not look as if it is getting crowded yet. However, I still think that the greatest opportunities in China lie in the secondary and tertiary cities. Costs there are much lower, there is virtually no competition, and the need is great. As China is such a large country, it might make sense to branch out from Beijing and/or Shanghai to the secondary and tertiary cities. There are many of them as China has more than 100 cities with a population of 1.0 million or more.
Wednesday, July 23, 2008
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