Page 56 - 月刊 2024第3期 7月

IV. Demand for Legal Services in the GBA

4.2.2 Prospect of cooperation between Mainland law firms and Hong Kong law firms

(a) Mainland law firms want to cooperate with Hong Kong law firms in international
business

The data show that only 38.3% of the Mainland law firms surveyed had no contact with foreign-related
business, and another 25% of the firms’ major business was international business. From these figures, it can
be seen that most of the Mainland law firms already possess a certain degree of ability to handle international

business and will continue to actively develop international business. Hong Kong law firms have considerable
experience and advantages in handling international business, and international business will become an
important point of convergence for cooperation between Mainland law firms and Hong Kong lawyers.

According to the survey data, Mainland law firms hope to cooperate with Hong Kong law firms in the
following areas:
i. Cross-regional dispute resolution (61.7%) 51
ii. Listing and financing (53.3%)

iii. Foreign exchange management and cross-border financial flows (51.7%)
iv. Trade compliance (48.3%)
v. Intellectual property rights (43.3%)

vi. Data and cyber security (26.7%)
vii. Infrastructure development (23.3%)

Areas in which Mainland law firms would like to cooperate
with Hong Kong law firms

Cross-regional dispute resolution 61.7%

Listing and financing 53.3%

Foreign exchange management and cross-border financial flows 51.7%

Trade compliance 48.3%

Intellectual property rights 43.3%

Data and cyber security 26.7%

Infrastructure development 23.3%

51 As there are various areas in which Mainland law firms wish to cooperate with Hong Kong law firms, the relevant question in the
questionnaire allows multiple choices, leading to a statistical result of more than 100%.

51