Allbright Bird & Bird

It makes a change from birdbrain.

As the (UK) Lawyer says…”The Chinese are coming”.

Post Brexit are we going to see more Chinese firms lured to the UK?

The Lawyer reports

Shanghai-headquartered AllBright has sealed a co-operation agreement with Bird & Bird and will establish a representative office in the UK firm’s City premises.

The China alliance deal marks Bird & Bird’s latest effort in expanding in the Asia Pacific region. It comes more than three years after the firm entered into strategic cooperation agreements with two leading Indonesian law firms and signed a cooperative agreement with South Korea’s top 10 largest firm Hwang Mok Park (HMP) in 2014.

According to The Lawyer China Top 30 2017 report, AllBright is the fifth largest Chinese firm by revenue. The firm, which has 1,661 lawyers including 416 partners across seven offices, turned over RMB1.8bn (£205m) in 2016.

It is also the eighth fastest growing firm in China, having achieved a 37 per cent revenue hike last year from RMB1.32bn in 2015. The growth was largely thanks to its domestic expansion, which saw it open four new offices in the past two years by absorbing established local firms and teams in the second-tier cities.

The proposed London presence will be the firm’s second location outside of mainland China. In 2013, it launched into Hong Kong and formed an association with local firm Stevenson Wong & Co.