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Law Firm Insight: Linklaters
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<blockquote data-quote="Jaysen" data-source="post: 2998" data-attributes="member: 1"><p>The legal press often use JV and merger interchangeably, which makes this unclear, but from what I gather it's the latter (a JV).</p><p></p><p>To answer your second question, both options were on the table and Linklaters did try push for a JV between 2014 and 2015. I understand they couldn't find a suitable Chinese law firm to partner with. The other factors we can speculate -- Linklaters have long been keen to set up in China and their desire to set up a local law practice before competitors would have been important. The greenfield option also gives them more control of their China practice. </p><p></p><p>I think they were happy to try JV talks but they were also very happy to do it themselves considering their longstanding presence in the country. (Linklaters has been in China far longer than its rivals. Back in 2008, Linklaters was the third largest international law firm in China.)</p></blockquote><p></p>
[QUOTE="Jaysen, post: 2998, member: 1"] The legal press often use JV and merger interchangeably, which makes this unclear, but from what I gather it's the latter (a JV). To answer your second question, both options were on the table and Linklaters did try push for a JV between 2014 and 2015. I understand they couldn't find a suitable Chinese law firm to partner with. The other factors we can speculate -- Linklaters have long been keen to set up in China and their desire to set up a local law practice before competitors would have been important. The greenfield option also gives them more control of their China practice. I think they were happy to try JV talks but they were also very happy to do it themselves considering their longstanding presence in the country. (Linklaters has been in China far longer than its rivals. Back in 2008, Linklaters was the third largest international law firm in China.) [/QUOTE]
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