October 01, 2018 ILN Fall 2018

Globalization of Legal Services: Navigating New Opportunities in China and Beyond

By Asen Velinov

China’s Belt and Road Initiative (BRI), a government-backed global investment plan involving trillions of dollars in the years ahead, is further fueling an already decade-long trend of record-breaking annual growth in outbound investments. More than 100 countries across Asia, Europe, Africa, and Oceania have joined the initiative. Combined, they represent roughly a third of the world’s GDP and two-thirds of its population. This aggressive internationalization strategy is driving opportunities for legal services to multinational corporations, investors, entrepreneurs, high-wealth individuals, and other clients in China and beyond.

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