On October 21, 2021, the 2021 ALB China Regional Market Ranking: the list of the Yangtze River Delta region was released. Long An has 8 offices in Shanghai, Nanjing, Suzhou, Nantong, Hangzhou, Huzhou, Yangzhou and Wuhu among the Yangtze River Delta region. With our excellent comprehensive power, outstanding professional skills and strong team ability in the Yangtze River Delta region, Long An was successfully selected in the list.
2021 ALB CHINA REGIONAL MARKET RANKING:
YANGTZE RIVER DELTA FIRMS
List Released:
Non-local Firms in Yangtze River Delta
(Yangtze River Delta Practice)
Long An Law Firm
Asian Legal Business (ALB),?a cutting-edge legal magazine under?Thomson Reuters,?is?one of the most influential legal media in the world.?It is the first time that ALB released?“Regional Market Ranking: Yangtze River Delta Region in 2021” which focuses?on the outstanding law firms in the regional legal market that?have?strong power, outstanding achievements and excellent?performance ranked through?ALB’s editorial resources and researches?on markets?the top law firms in the Yangtze River Delta region.
As for the strategic of the non-local law firm distribution in the Yangtze River Delta region, Director Wang said: “Long An’s distribution among our nation is mainly market-oriented, and we need to have a certain amount of supports from local customers and economic aggregates to open a branch. The Yangtze River Delta, by virtue of the wideness of its clients and the comprehensive demand for legal services, has naturally become the key region for national distribution. Therefore, although Long An has not yet set up offices in some of the provinces, we already have eight offices in the Yangtze River Delta including 4 in Jiangsu (Nanjing, Suzhou, Nantong, Yangzhou), 2 in Zhejiang (Hangzhou, Huzhou), 1 in Anhui (Wuhu).”
Talking about the difference between “local” and “non-local”, Director Wang said frankly: “Long An never take ourselves as a foreign law firm in the Yangtze River Delta region, especially Shanghai Offices, which has been established for 23 years and is the regional headquarters to us.” Relying on this kind of positioning, Long An “does regional impact around the Shanghai Offices… seizes the core businesses, grasps the status of the Yangtze River Delta as China’s financial center, deeply cultivates in the capital market, and makes funds, finance, non-performing assets, financing, mergers and acquisitions into our core products.”
Director Wang further pointed out, “Shanghai is a typical representative of China’s economy, and the Yangtze River Delta is the economic center of China. We can always see the economic penetration of the Yangtze River Delta to other regions, which also triggers the coming of legal service market. Taking bankruptcy and reorganization as an example, even if the business does not take place in the Yangtze River Delta, it is difficult to be disconnected with the participants of the Yangtze River Delta, such as investors, creditors, debtors, intermediaries, etc. Therefore, if there is any advantage of the “foreign law firm”, it should be the ability to coordinate our national forces with synergy.”
Regarding the question of the future overall development strategy of Long An in the Yangtze River Delta, Director Wang said: “Each city and offices in the Yangtze River Delta has different characteristics. For example, the bond market in Yangzhou Offices has formed unique advantages, and even impacted the surrounding markets. In order to truly realize the common development of the offices among the Yangtze River Delta and give full play to the advantages of synergy, there is a joint meeting of the offices in the Yangtze River Delta region within Long An. The management committee or managing partners of the offices hold periodical meetings to share businesses, do brainstorms together, and keep information flowing.”
About the future?advantages and challenges in the Yangtze River Delta region, Director Wang said: “with the increase in the scale and personnel, there will be more and more conflicts of interest. Therefore, in response to legal conflicts of interest, Long An has stepped up the construction of office information systems; As for the conflicts of interest between internal teams, including the different needs of the same client, how to integrate and coordinate different teams to provide integrated services for client is a challenge that Long An faces.”
Long An is listed on the ALB Regional Market Ranking: Yangtze River Delta Region this time, which further proves Long An’s strong power and outstanding performance and achievements in the legal market of the Yangtze River Delta region. In the future, Long An will keep work hard to safeguard the economic development of the Yangtze River Delta Economic Belt, and focus on the fields such as bankruptcy and reorganization, intellectual property, cross-border business, real estate and construction, dispute resolution, capital market and among other fields, and provide professional and high-quality services to our clients.
原文始发 于微信公众号(隆安律师事务所):隆安荣誉l隆安荣登亚洲法律杂志 (ALB) “2021 China 区域市场排名:长三角地区”榜单