“Dynamic forces” changing China’s legal market is one highlight of a new book by this author which provides “A Comprehensive Guide to the Asia-Pacific Legal Markets. “ Integral to the book was the participation of the region’s lawyers and legal services sector professionals. They provide commentary and analysis of many issues and trends afoot within Asia-Pacific’s markets in legal news in Asia.
Over the course of the next weeks and months, we will highlight those contributions and those authors. As a follow-up to our first two posts in this series, we turn to an interview with Paul Kossof. He’s a Chinese Intellectual Property Law Consultant and author of: Chinese Trademark Law: The New Chinese Trademark Law of 2014. Here’s a preview of that interview:
As Kossof outlines:
“The most substantial change affecting China’s future legal market will be its diminishing reliance. The market is relying upon developed countries’ legal news in Asia, its systems, and private counsel. China’s written laws and legal practices will continue to experience major reforms. And, as a result, foreign firms will see a dramatic shift as foreign companies increasingly use domestic legal services.”
“Although Chinese firms will eventually have the most foreign legal work, niches are foreign firms will maintain their client work. Particularly, established international firms with strong cross-border teams will be much more effective at planning and executing international legal strategies.”
“The relationship between inbound Chinese legal work and the developing parts of Asia presents opportunities for foreign firms because most Chinese firms do not have a presence in developing Asian countries. However, foreign firms are in a better position to market themselves for “China Plus One” work for manufacturers or present themselves as legal/business consultants for Asia.”
Therefore, legal news in Asia and other key strategic insights into a changing Chinese legal market are part of a comprehensive Chinese legal market report contained in A Comprehensive Guide to the the Asia-Pacific Legal Markets. For more information about Paul Kossof please see his LinkedIn profile here.