China’s market rout continued on Tuesday, exacerbating growing concerns about its global financial impact. When it comes to law firms doing business in China, perhaps none has as much at stake in the country’s economy as Dentons, which is slated to combine with China’s biggest homegrown firm, Dacheng, later this year.
In an interview on Tuesday, Dentons global chairman Joe Andrew and global CEO Elliott Portnoy said they were as enthusiastic as ever about the pending deal, which will create a 7,000-lawyer firm with 120 offices, including more than 40 locations in China. And, they said, market unrest isn’t always bad for business.
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