# China legal industry

Head of China’s “Universe” Law Firm Surrenders as Tens of Billions‑Yuan Financing Shock Unnerves Investors

Yingke, the world’s largest law firm by lawyers, faces a reputational and legal crisis after financing guarantees tied to its former global chair, Mei Xiangrong, collapsed. Investigations are under way in Shanghai amid reports that investors — many elderly — were sold high‑yield contracts leveraging the firm’s brand, and Mei has turned himself in to police.