Translator：Wang Qiyu

On June 23, 2020, with the approval of the Shanghai Bureau of Justice, Landing Law Offices underwent a transformation from a general partnership to a special general partnership of lawyers. The registered capital was adjusted from the original 1.1 million RMB to 10 million RMB.

In accordance with the "Regulations on the Administration of Law Firms" issued by the Ministry of Justice, a special general partnership law firm is required to have over 20 partners and assets exceeding 10 million RMB. Currently, there are more than 1,600 law firms in Shanghai, with just over 50 operating as special general partnership law firms. The restructuring of Landing Law Offices with the approval of the Bureau of Justice signifies the firm's substantial growth and development. The special general partnership model sets limitations on partners' liability, moving away from the unlimited joint liability under previous circumstances. This change is expected to facilitate the recruitment of outstanding legal talents and further enhance the firm's expansion and strength.

The approval of Landing Law Offices' transition to a special general partnership exemplifies the firm's dedication to growth, excellence, and the elevation of its professional capabilities.