Law360, Los Angeles (July 17, 2013, 10:35 PM EDT) -- U.S. law firms looking to capitalize on Asia's burgeoning cross-border legal market by opening an office in China should begin with strong partnerships with Chinese lawyers, a reliable base of U.S. clients looking to expand in the country and the patience to wait years to acquire government clearances, experts say.
Legal services have been in demand as U.S. companies have signed manufacturing and distribution deals and registered intellectual property in China, and Chinese companies have in turn prepped for initial public offerings and faced securities fraud litigation here.
Hundreds of U.S. law firms have a presence in China, with Covington & Burling LLP...
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