The continuing expansion of Chinese businesses in the U.K. and overseas provides the impetus for law firm Yingke's involvement in the global economy. (Photo : Getty Images)
Commercial law firm Yingke, considered as among China's largest law firms, has embarked on a journey to take on international markets with its sharp expertise in providing legal advice. It has since made waves in both the U.K. and European markets through serving clients with vast commercial interests.
Demonstrating a firm understanding on how to deal with the ins and outs of the global economy, Yingke endeavors to go beyond what many would deem as a strict interpretation of roles encompassing lawyers. Culture and market trends form a significant part of the law firm's legal advice.
Linda Yang, Yingke's global partner and executive chairman of the law firm's global board of directors, said that the law firm's rather-unconventional approach to its clients have led to exciting opportunities for the law firm to become part of several global expansion stories, China Daily reported.
Although Yingke's first international foray was through the formation of its U.K. subsidiary, Yingke U.K. Consulting, such has expanded to greater heights thanks to its exclusive cooperation agreement with London-based international law firm Memery Crystal in 2015, per The Lawyer.
The agreement has been envisioned to serve as a strategic legal conduit for Chinese investors to make headways into the U.K. market, as well as for U.K. businesses looking to do the same in China. Yingke's London China Centre is set to benefit from Memery Crystal's involvement.
As businesses from China continue to flock to the U.K., as shown by the 91 Chinese mergers and acquisitions with British firms between 2012 and 2016, Yingke's role is set to grow from strength to strength. Brexit, specifically, will make the law firm busier in dealing with more Chinese investors.
Apart from the U.K., Yingke is currently gearing up for greater international involvement. The law firm successfully became a party to the UN Development Program's (UNDP) Global Coalition of Think Tank Networks for South-South Cooperation due to its international network.
Given said development, alongside the emphasis on providing opportunities to develop younger partners, Yingke is well-equipped to take on the challenges of facilitating global commercial expansion deals. China's growing importance in the global economy makes it even more unstoppable.
