Lawyers dominate China M&A

That''s the word from Howard Chao of OÆMelveny & Myers.

China has already proven its fee-paying ability to privatization bankers. But thus far, its MA potential has seemed a long way off.

Not so, says law firm OMelveny Myers which says its China MA practice is booming.

Weve done a lot of MA deals in China, says Howard Chao, one of the firms Shanghai-based partners. Most of the deals are Western companies or funds buying or selling assets in China. They are small and medium-sized deals and thats why they dont register on the radar screen.

The firm has 25 professionals in Shanghai and says that most of the deals tend to be between $30...

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