Credit: Robert/Adobe Stock Chinese Law Firms Are in Trouble as Downward Spiral Show No Signs of Easing
More than half of the firms that make up the China 45 have seen gross revenue decline in 2023.
September 16, 2024 at 05:00 PM
8 minute read
In the China 45 ranking last year, Law.com International found that more than 85% of China's top-earning firms recorded significant drops in proceeds and that some saw their gross revenue fall as much as 35% by the end of 2022. This year's China 45 report, which tracks the financial earnings of Chinese law firms in 2023, indicates the downward trend has continued.
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