12 ASIAN LEGAL BUSINESS CHINA • 亚洲法律杂志-中国版 AUGUST 2024 COVER STORY can be said to have its exclusive methods for development. BLOSSOM & CREDIT LAW FIRM: 1+1>2 Mergers, new team joining, and accelerated recruitment are common measures firms take to expand. These strategies can also help firms achieve exponential “self-renewal.” Blossom & Credit Law Firm, one of this year’s winners, welcomed a specialized team of over 200 members in 2023, achieving rapid growth. In 2022, Li Yinwu, then leading a credit legal services team in a large firm, finally decided to take the team to join Blossom & Credit after many rounds of discussion with the latter. With a twodecade track record and more than 200 lawyers and support staff, Li’s team is the largest credit legal services team in the industry, and aims to help enterprises quickly recover funds, accelerate cash flow, reduce overdue and bad debts, and improve credit legal risks management through ex ante credit and asset investigation, interim credit legal risks management skills training and credit management legal advisory, and ex post credit legal collection services. Commenting on his decision to join Blossom & Credit, Li tells ALB: “Blossom & Credit has been growing in Beijing for 20 years, and has gained rich experience, won many accolades, and made great achievements in capital marketsrelated areas. The more critical factor of ‘harmonious collegial relationship’ is also fully present in the firm.” Li is currently the firm’s managing partner after the integration. In addition to the credit legal service team, Blossom & Credit has also attracted other practice teams across the country in the past year, such as those for intellectual property, non-performing assets, marriage & family affairs, After more than two months of meticulous research, ALB has selected the 2024 ALB China Fastest Growing Firms ranking based on key indicators such as growth of fee-earners, number of new offices, new key partners and new important client wins, and growth in turnover of the applying firms. This year, eight firms made their debut on the ranking, accounting for over half of the total. Aggressive expansion of these eight firms can be seen based on several indicators, which shows that China’s legal industry is not lacking in development speed and momentum. Instead, relying on distinctive development strategies and precise market positioning, new players will continue to emerge in the market. It is also worth noting that even winners with considerable market influence and market size have achieved significant growth in multiple indicators through constant innovation. Each winning firm 体量规模、优势特色各不相同的上榜律所，都在过去一年中找到了适合自己的发展道路， 坚持着独到的发展策略，方才取得令人瞩目的成就。ALB与几家上榜律所聊了聊各自的“成长故事”。 In the dynamic landscape of China’s legal industry, the ALB China Fastest Growing Firms ranking for 2024 showcases the remarkable growth and innovation of law firms across the country. From aggressive expansion strategies to meticulous talent cultivation, these firms are redefining success in a competitive market through distinctive development approaches and precise market positioning. RANKING BY ASIAN LEGAL BUSINESS, TEXT BY VICTOR WU 排名：《亚洲法律杂志》，作者：吴嘉林 FASTEST GROWING FIRMS 十五佳成长律所
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