22 Asian Legal Business | October 2024 Regional Ranking The Yangtze River Delta (YRD) region is renowned for its cities with vibrant, outward-oriented economies and robust innovation capabilities. This area has fostered a thriving legal services industry that has experienced remarkable growth, positioning itself at the forefront of the country’s legal sector. Law firms in the YRD region have cultivated significant influence and developed sophisticated brand-building strategies. In 2024, despite economic pressures, many firms in the YRD region rose to the challenges and still managed to achieve remarkable results in terms of size, business development, revenue and profitability. After rigorous research, ALB is proud to unveil the star-studded 2024 ALB China regional ranking for the YRD region. Furthermore, ALB has also selected 30 Rising Lawyers under the age of 40 or with less than 15 years of practice, as well as 15 “Client Choice” lawyers through an online survey. Multiple challenges The development of the legal services market in the YRD region has been significantly impacted by rapid changes in recent times, as noted by many winning firms. Paul Zhou, director of the national executive committee of SGLA Law Firm, observes, “In the past year, the legal services market in the region became more complex and volatile.” He points out that many law firms, especially leading ones in the region, have keenly felt the intensifying competition and growing operational challenges. Zhou elaborates: “Traditional key markets for commercial legal services, such as IPOs, general finance, and real estate, continue to show a downward trend in client demand and fee expectations, a trend that began two years ago and is further declining. While new areas like data compliance and ESG have generated significant buzz, this has not yet 2024 ALB China Regional Ranking: Yangtze River Delta Best Firms, Rising Lawyers, Client Choice 长客三户角首地选区律律师所、律师新星、 The Yangtze River Delta region stands out as a powerhouse of China’s vibrant economy. Law firms are locked in fierce competition in terms of expertise, brand recognition, and the attraction of top talent. The surge in the number of lawyers, coupled with the ongoing professional development of young legal professionals, has breathed new life into this dynamic regional market. Ranking by Asian Legal Business, text by Victor Wu 作为中国经济最具活力的区域之一，长三角地区的律师行业不断推动着中国法律服务市场的创 新与变革。律所在专业、品牌、人才等方面展开了激烈竞争，而律师人数的增长、青年律师的不断 成长，更为该区域市场注入了新活力。 排名：《亚洲法律杂志》，作者：吴嘉林
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