US, China law firms pool their expertise

Baker & McKenzie LLP, the world's biggest law firm by revenue, said it has been making progress in its joint operation with local Chinese law firm FenXun Partners, a move to expand its presence in the "brutally competitive" legal service market in China.

The two firms have jointly carried out about 70 projects involving technical advice in cross-border mergers and acquisitions, fundraising and antitrust issues, according to Milton Cheng, managing partner of the firm's Hong Kong office.

"It has been a success for us," Cheng said.