Legal Business

Bakers to practise Chinese law through Shanghai joint venture

Baker & McKenzie last month gained permission to practise local law in China through a joint operation with FenXun Partners.

The firm achieved the entry through a first-of-its-kind joint venture with local firm FenXun in the Shanghai free trade zone. Founded in 2009, FenXun, which is focused on providing corporate and finance advice, currently has offices in both Beijing and Shanghai, and has around 20 lawyers, including five partners.