Some foreign law firms are learning some hard lessons from the Chinese legal market. 

The Lawyer has published a very interesting "long read" article on the disappointments that some prominent foreign firms, especially Magic Circle firms like Linklaters and Allen & Overy, are experiencing in their China practices. In "Why the Magic Circle is Struggling in China,” Yun Kriegler has summarized recent problems that some foreign firms are experiencing as the Chinese legal market matures.

Some of the observations and comments might describe some aspects of your firm, as well.