Archive for May, 2018

THE ANECDOTES OF CONFUZED: WHY DOES BIG LAW FAIL IN CHINA?(5)

Conclusion
If the Berkeley study is to be believed, law firms stuffed with Ivy League law grads are afraid of competition.  Ask yourselves, when have type-A personalities like top tier lawyers ever shied away from fierce competition?. This is after-all no Akron, this is China, the second largest economy in the world: a veritable economic miracle, [...]

Published by Edward E. Lehman on May 31st, 2018 tagged China News | Comment now »

THE ANECDOTES OF CONFUZED: WHY DOES BIG LAW FAIL IN CHINA?(4)

Berkeley Buts In
A recent U.C. Berkeley study which focused on mainland China suggested that nearly all foreign law firms find it difficult to build a profitable practice there, thanks to “so called fierce competition”.
Entitled, “The Outpost Office: How International Law Firms Approach The China Market,” the U.C. Berkeley-based authors, Rachel Stern, an assistant professor of law and [...]

Published by Edward E. Lehman on May 30th, 2018 tagged China News | Comment now »

THE ANECDOTES OF CONFUZED: WHY DOES BIG LAW FAIL IN CHINA?(3)

Anyone interested in buying the Brooklyn Bridge?
The press release  proceeds to claim that  the lawyer’s “specialty in mid-market deals will add a U.S. securities law offering to Stephenson Harwood’s greater China practice.”  It then goes on to say, “Last year, the firm recruited a corporate  partner from Cadwater, Wickersham & Taft which also closed [...]

Published by Edward E. Lehman on May 25th, 2018 tagged China News | Comment now »

THE ANECDOTES OF CONFUZED: WHY DOES BIG LAW FAIL IN CHINA?(2)

Anecdotes and Analysis
In March 2018 a press release touts: London-based Stephenson Harwood has bulked up its China practice with the acquisition of Troutman Sanders’ Beijing office, as the U.S. firm winds down its Asian operations.
In January, Troutman Sanders had announced it would close its offices in Hong Kong, Beijing and Shanghai.
The press release goes on to [...]

Published by Edward E. Lehman on May 25th, 2018 tagged China News | Comment now »

THE ANECDOTES OF CONFUZED: WHY DOES BIG LAW FAIL IN CHINA?(1)

China has the second largest economy in the world with an amazing entrepreneurial population that is five times the population of the US, yet international mega-law firms continue on their own “Long March” wherein they continue to either hunker down or find a way like the Nixon administration when they withdrew from the Vietnam conflict [...]

Published by Edward E. Lehman on May 25th, 2018 tagged China News | Comment now »

No Safe Spaces-American Law Firms Report China Market Too Competitive: Exit with Whimper

An American law office with 650+ lawyers will be stealthy closing its three China offices at the end of May.

Surrendering ignominiously the China market, the world’s second largest economy, the place that has been transformative, the site of the greatest economic transformation in the history of the world as simply too competitive.

What [...]

Published by Edward E. Lehman on May 24th, 2018 tagged China News | Comment now »

The Election of the Chairman of the Central Military Commission

The Central Military Commission of the Communist Party of China is the highest military leadership under the leadership of the Communist Party of China. Its main function is to directly lead the national armed forces. Its members are determined by the Central Committee of the Chinese Communist Party.
The Central Military Commission of the Communist Party [...]

Published by Edward E. Lehman on May 23rd, 2018 tagged China News | Comment now »

Policy Changes Create New Openings for Foreign Investment in China

One of the biggest things our China lawyers do for clients is setting up a China company.  When clients come to us seeking to set up a company in China, one of the first things our China lawyers look at is whether the client’s proposed business activity is allowed to be performed in China by [...]

Published by Crys Zheng on May 22nd, 2018 tagged China News | Comment now »

Removal of Term Limits for the President

In the latest Amendment to the Constitution of the People’s Republic of China, in the third paragraph of Article 79 of the Constitution, the sentence, reading “the terms of office for the President and Vice-President of the People’s Republic of China are the same as those of the deputies to the National People’s Congress; presidents [...]

Published by Edward E. Lehman on May 22nd, 2018 tagged China News | Comment now »

President Xi Jinping Holds Three Separate Leadership Positions

Like other Chinese Presidents before him. President Xi Jinping simultaneously serves as the Head of State in his role of President, the leader of the Communist Party in his role as Chairman, and the commander of the country’s armed forces, in his role as Chairman of the Central Military Commission.
The most important advantage of this [...]

Published by Edward E. Lehman on May 21st, 2018 tagged China News | Comment now »