Legal Business

Reform underway as Dentons shakes up profit-sharing arrangement in China

Following its landmark combination with Dentons to create a 7,500-lawyer legal giant, legacy Dacheng is restructuring its practice to reduce the number of profit pools from 15 to five.

With Dentons striving to integrate what is now the world’s largest law firm by employee headcount, the China arm of the firm, headed by senior partner Jinquan Xiao, has carried out a reorganisation to create increased profit-sharing between the firm’s 44 Chinese offices.