US-based law firm Loeb & Loeb will open a Beijing office next year to meet increasing demand in cross-border commercial transactions and China's technology - driven economy.
While continuing to service its US clients doing business in China, the firm in its new office will look to bring in Chinese clients investing to the US and in stock market listings. The firm will also increase its focus on China's developing technology-driven economy.
"As China moves from a manufacturing to a technology-driven economy, our firm will be there to work with emerging businesses as well as established companies investing in China," said the firm's co-chair John Frankenheimer.
The Beijing office will focus on private equity, intellectual property, and corporate & securities advisory, and will be a platform for creating a better relationship between the two cultures.
"The new office will ... allow us to better serve our clients by more effectively bridging culture, language and time zone differences while positioning the firm inside China to capitalise on the growth of China's economic infrastructure and global investments," said securities partner Mitch Nussbaum.
The first attorney in the Beijing office will be recently appointed partner Eric Doering, a securities and M&A lawyer, who will be based in New York pending the opening of the new office.
"Eric brings the right mix of technology industry and corporate governance and transactional experience to help develop Loeb's services in Beijing," said co-chair Michael Beck.