Don't believe that figure at all. By no means could a branch of foreign law firm in Shanghai make such revenue in one year. Even the overseas headquarter is very hard to reach that target, not to mention the branch in China. Think about the big four in China - with more than 300 staff in total they can make profit of only less than 300 million RMB annually (which is already not bad).
The journalist must be talking about the amount of the deals that the firm has done, instead of the margin.
Don't believe that figure at all. By no means could a branch of foreign law firm in Shanghai make such revenue in one year. Even the overseas headquarter is very hard to reach that target, not to mention the branch in China. Think about the big four in China - with more than 300 staff in total they can make profit of only less than 300 million RMB annually (which is already not bad).
The journalist must be talking about the amount of the deals that the firm has done, instead of the margin.