Business opportunities

Since the reform and opening up policy adopted by the Government of the People’s Republic of China (now our ‘Central Government’) in 1978, China’s economy has surged quickly and significantly. Now the Mainland is the world’s second largest economy after the United States and the world’s fastest-growing major economy. The Mainland has a very big market, especially its legal market. On the contrary, Hong Kong’s legal market is limited in size and competition is keen. Many small and medium sized law firms in Hong Kong lead a difficult live and suffer a lot in recent years due to inflation, increasing rental, staff salary and operation cost but declining legal costs. It is time for us to think about our future.
Mainland legal market is our future. On 29 June 2003, Mainland and Hong Kong Closer Economic Partnership Agreement (CEPA) was signed and Hong Kong enterprises including legal professionals are encouraged to enter the Mainland legal service market. With the gradual opening of the legal service market in the Mainland and the exploration for more civil legal works involving Hong Kong residents to lawyers in Hong Kong, a great chance is offered to small and medium sized law firms in Hong Kong to share the fruits of the prosperity of the Mainland.
Do join SAMLAW to learn more. Let SAMLAW help you to explore in the lucrative Mainland legal market.