As 2018 begins, it has become extremely urgent for Zhong Yin Law Firm to establish practice departments with strong competitiveness in a specialized manner, integrate the practice resources within the firm, and facilitate the seamless coordination between the specialization of and the cooperation among teams. Inspired and urged by this mission, Zhong Yin Law Firm has intensified its efforts and has successfully completed the establishment of a dozen of specialized practice departments and the formation of specialized teams recently. These specialized practice departments include securities and capital markets, banking and finance, wealth and tax planning, corporate practice, intellectual property, competition regulation, international trade and maritime affairs, investment and M & A, bankruptcy and reorganization, litigation and arbitration, construction engineering and infrastructure, and so on.

The corporate practice department has attracted 12 sophisticated senior partners, including Ge Youshan, Huang Yunyan, Li Jie, Li Ju, Li Zheng, Liu Qiang, Liu Ruifeng, Liu Xiaobin, Liu Yunsong, Song Chongyu, Yang Baoquan, and Zheng Songzhe, and 10 of them participated in the first meeting of their practice department on February 8, 2018.

Looking ahead, the participating partners deeply believed that specialization and collaboration would enable them to build highly-qualified teams, and provide clients with legal services with true ZhongYin characteristics, namely unified and highly professional legal service, so as to ultimately enhance the firm’s ability to cope with fierce competition, increase its market share and make ZhongYin brand more visible. This is the only way for a law firm to become bigger and stronger.

Moreover, the participating partners discuss and exchange their opinions with fruitful results on cooperation within practice departments, improvement of practice management system, refinement of specialization, market positioning, “diversification” operation strategy, profit and distribution mechanism, and specific training for each section. A certain consensus was reached on the system of exchange between practice departments, team promotion, performance sharing and other matters. It was proposed to first provide training on risks involved in personnel, special project, criminal, and regular legal service, and promote successful experience accumulated thereon across the whole firm.