Los Angeles, CA (PRWEB) January 28, 2012
Revenue within the Attorneys industry in China increased by an estimated 10.6% in 2011 to $6.11 billion, with annualized growth of 11.8% since 2006. Slower growth in 2010 was the result of the global financial crisis, with individuals and households limiting expenditure on legal issues.
The number of law firms in China increased steadily in the past few years, from 13,593 in 2007 to a forecast 15,600 in 2011. Over 70% of law firms in China are partnerships. They provide legal services for litigation in civil, commercial and criminal actions. Non-litigious legal services such as those for mergers and acquisitions, bankruptcies and IPOs are becoming an important part of many businesses.
Large Chinese law firms are developing international businesses through partnerships with foreign law firms. Some have established offices in foreign countries. Most law firms are located in China's major cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, where many client businesses are active and large corporate clients are headquartered.
IBISWorld estimates that revenue in 2016 will amount to $9.87 billion, increasing at an average annualized rate of 10.1%.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld’s full report on the Attorneys industry in China for $825 at ibisworld.com.
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Attorneys in China – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.