Huangpu District will create a "Bund Legal Service Cluster" service | Legal | Bund
"Huangpu District currently has 131 domestic law firms, including 16 foreign law firms' offices in Shanghai, 3 notary offices, 3 social mediation organizations, as well as functional institutions such as the Shanghai Financial Court and the Shanghai International Trade Arbitration Commission. From 2016 to 2021, the revenue generated by the law industry has doubled, with the number of billion yuan law firms increasing from 6 to 10 and the number of hundred person law firms increasing from 2 to 7. The size and industry influence of law firms are among the top in the city." According to the policy conference on the Bund Legal Service Cluster held in Huangpu District on the 21st, Huangpu District will create a "Bund Legal Service Cluster", encouraging high-quality legal service institutions such as law firms and arbitration institutions to settle down and enhance their influence. The concentration of legal services along the Bund will accelerate its development into a preferred place for dispute resolution and for well-known legal institutions both domestically and internationally to settle.
"Currently, Shanghai is striving to build an international legal service center, and the development of modern service industry cannot do without the support of the core functional areas of the city. Huangpu is seizing this opportunity, closely focusing on the development goal of legal service aggregation along the Huangpu River, and accelerating the formation of legal service aggregation advantages along the Huangpu River." The district leaders said.
Based on the location characteristics and the actual development of the legal service industry, Huangpu District will form a "two point, one line" planning layout for the aggregation of legal services.
"One line" refers to the route of "one river, one river". In recent years, the added value of the financial industry has remained stable in the economy of Huangpu, and the great development of the financial industry is inevitably accompanied by the clustering of the legal service industry. At present, one-third of the comprehensive large-scale institutions and specialized boutique institutions in the area have gathered along the Huangpu Riverside, as well as professional legal service institutions such as the Shanghai Financial Court and the Shanghai International Economic and Trade Arbitration Commission. In the future, Huangpu District will coordinate and utilize the legal service resources along the "One River, One River" route, fully tap and utilize the building resources on the second facade of the Bund, continuously improve the vertical depth and synergy of the legal service chain, and accelerate the formation of a legal service cluster effect.
"Two points": the first is the gathering point of foreign-related legal affairs, mainly referring to the Xintiandi area. "Shanghai Huaihai Xintiandi Import Trade Functional Zone" was included in the list of national import demonstration zones at the end of last year, and it is also the only national import demonstration zone in central Shanghai center. The region is home to the world's four major accounting firms and nearly 10 law firms engaged in foreign-related legal services, with obvious advantages in the professional service industry. At the same time, it has international communities such as Cuihu Tiandi, and a high demand for professional legal services. In the future, Huangpu District will rely on the "Shanghai Huaihai Xintiandi Import Trade Promotion Innovation Demonstration Zone" and the high-end commercial buildings of "Enterprise World" and "Pacific Business World" to strengthen the integration and development of the legal service industry and modern service industry, improve the level of foreign-related legal services, and provide high-quality and efficient foreign-related legal services for enterprises and residents.
The second is the origin of lawyer culture. The exhibition hall of the former site of the Shanghai Lawyers' Union, located at 301 Fuxing Middle Road in the radiation area of Xintiandi, is the birthplace of Shanghai lawyer culture. Centered around the Shanghai Bar Association, a large number of excellent law firms are densely distributed. In the future, Huangpu District will fully leverage the advantages of the birthplace of modern and contemporary lawyer industry, combine the spirit of rule of law with the spirit of party building, strengthen cooperation with legal research institutes, industry management organizations, and well-known experts and scholars, carry out relevant historical data sorting and research, and turn the exhibition hall into an excellent historical, cultural, and legal business card, and become a spiritual home for the vast number of legal workers.
"The future 'Bund Legal Service Agglomeration Belt' will become a leading highland for party building in legal services, creating a 'legal gathering original intention' brand for party building in the lawyer industry; becoming a talent highland, continuously improving the sense of belonging and acquisition of rule of law workers with policies and services; creating an aggregation highland, setting up a 'Bund Lawyer Reception Hall' to provide shared space for legal service institutions from all over the country and abroad; creating a development highland, deepening the development model of 'industry chain+legal services'," said the relevant person in charge of the district judicial bureau.