锦天城律师事务所近日在苏州正式设立分所。高级合伙人金忠德律师从上海总部调派到苏州,任新分所主任。

Shanghai’s largest firm AllBright has grown bigger with the launch of its fifth office. The firm has recently celebrated the opening of its Suzhou office, which is headed by senior partner Jin Zhongde.

Suzhou legal industry at a glance
• Currently 143 firms in Suzhou
• Shanghai firms in the region include Yishi Law Firm, Shimin Law Firm, Jianwei Law Firm and Sloma & Co.

The establishment of the Suzhou office will further strengthen AllBright’s market position in the Yangtze River Delta region. Headquartered in Shanghai, the firm already has an office in Hangzhou. With its third YRD location, it hopes to better service existing clients who are headquartered in Shanghai but with subsidiaries and assets in Suzhou. The new office is also set to facilitate local companies’ business development nationally.

With more than 20,000 foreign invested enterprises, Suzhou is one of the most popular cities for foreign investment. The city has attracted hefty investments from international conglomerates like Nokia, Samsung, Phillips, Dupont, Emerson and 3M. The dynamic local economy also attracted King & Wood to open an office here in March 2008.

Besides foreign investments, local lawyers have also identified other prosperous practice areas including capital markets, IP, real estate and cross-Straits trade.

Currently, AllBright has 85 partners and more than 380 lawyers working across its offices in Shanghai, Beijing, Shenzhen, Hangzhou and Suzhou. ALB

 Suzhou economic indicators - 2009

• GDP: RMB740bn with an increase of 11%
• Domestic financial revenue: RMB74.52bn with an increase of 11.4%
• Gross industrial output: RMB2370bn an increase of 6.6%.
• Total import and export volume: US$201.45bn
• Utilised of foreign capital: US$8.22bn
• New registered foreign capital: US$15.85bn.

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