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Ⅴ. Development Prospects and Strategic Analysis of Hong Kong Legal Practitioners in the GBA



           policies are introduced or modified, Hong Kong legal practitioners can actively participate in public consultation

           to express their opinions and suggestions. This is an effective way to shape future policy directions that better
           meet practitioners’ needs.

               Another consideration may be to provide targeted new legal service training for GBA lawyers, especially in
           areas such as financial technology, intellectual property (including artworks trading), and maritime law. These

           are highly specialised fields. For instance, as a rapidly developing area, financial technology involves not only
           the integration of traditional financial services and information technology, but also the application of emerging

           technologies such as blockchain, artificial intelligence, and big data. The application of these technologies has
           brought revolutionary changes to the financial industry and posed new requirements for legal services. With the

           globalisation of the art market and the development of E-commerce, the legal issues involved in the trading of
           artworks have become increasingly complicated, including copyright, ownership, authentication, and import

           and export issues. The professional knowledge and capability of lawyers in this field are directly related to the
           security and efficiency of artwork trading. Maritime law, as an important traditional field, has seen a continuous

           increase in demand with the development of global trade and the growth of international maritime transport.
           Providing these targeted new legal service trainings for GBA lawyers can not only enhance their professional

           skills and service levels, but also promote the overall development and international competitiveness of the legal
           service industry in both regions. This will help to build a more open, professional, and efficient legal service

           market, thereby providing higher quality legal services to clients in the GBA and globally.


           5.2.5 Creating new cooperation modes


               When asked about the main difficulties in collaborating with Mainland law firms, the obstacles and

           concerns expressed by the interviewed Hong Kong practitioners are the hesitation caused by comprehensive
           consideration of the market environments in both regions, such as having a law firm of too small a scale

           (33.9%), lack of understanding of Mainland legal operations (39.7%), and the belief that setting up offices or
           partnership associations has little significance while other forms of cooperation can achieve the same results

           (35.9%). However, some difficulties stem from the restrictions brought about by current collaboration policies,
           including high operational costs of opening offices or partnership associations (30.2%), insufficient openness of

           the Mainland legal service industry (26.4%), and the inability to balance practices in both regions (as a Hong
           Kong lawyer who obtains qualifications in the GBA needs to resign from the representative office or partnership

           association before joining a Mainland law firm) (24.5%). Entrance thresholds are also perceived as being too
           high (18.9%).

               In response to this phenomenon, relevant authorities can also modify regulations and appropriately relax





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