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Guidelines for Starting an IP Practice in China
When prognosticators focus their attention on the world economy, two regions rise to the top: the Middle East and China. According to The Economist Intelligence Unit, China's GDP is predicted to grow by 8.6% in 2010, the second-largest growth predicted worldwide (behind Qatar). As more multinational companies turn their attention to, sell products to and open offices in China, intellectual property work will continue to skyrocket. According to most observers, it is already the fastest-growing area of law in China, and the business boom should fuel its growth well into the future.
How are international law firms responding? What are the barriers, if any, to entry? What are the best ways to set up an IP practice in China? This article answers those questions and provides a basic roadmap if you are contemplating entering this market.
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