The decision by Linklaters to spin off part of its Shanghai office in a bid to then merge with it at a later date, comes as part of a significant push by Magic Circle firms to practise local law in China.
Having already scoped out the local market for a suitable target to form a joint venture with under new Shanghai Free-Trade Zone (FTZ) rules, which permit domestic law firms to tie-up with international giants and practise local law, Linklaters has decided to go it alone.
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