Linklaters considers alliance with Chinese firm in Shanghai
Linklaters is considering an alliance with an unspecified Chinese law firm under soon-to-be-enacted regulations permitting foreign law firms to work jointly in the Shanghai Free Trade Zone.
The firm already has offices in Beijing and Shanghai, but the mooted alliance would allow it to offer PRC law advice to clients in core practices such as corporate, finance and litigation.
Marc Harvey, Linklaters' managing partner for Asia, said that the firm is awaiting the detail of the regulations before making any moves, since it is not yet clear what requirements or limitations would affect such a tie-up.
The Shanghai Free Trade Zone ,which was launched in September 2013, is a pilot program that represents the first major step to open up Chinese service sectors. Within the Zone, the government is testing liberalisation of telecoms, financial and legal sectors, allowing increased foreign ownership and participation in the economy.