On July 24, China Business Law Journal, the world well-known legal media outlet, announced the winners of its 2024 China Business Law Awards. Watson & Band has been recognized for its outstanding performance and reputation in the insolvency and restructuring field over the years, winning this year's Award in this field.

In 2007, Watson & Band was selected into the first batch of bankruptcy administrators by the Shanghai High Court, and later in 2014 was selected into the first-class bankruptcy administrators by the Shanghai High Court. Then in 2022, with high scores, Watson & Band was selected into the first-class bankruptcy administrators by the Shanghai High Court again, and Zhu Xiaosu, the lead partner of the team, was selected into the first batch of natural person administrators. The existing bankruptcy service team is composed of more than 30 full-time practicing lawyers, and the team members all have rich experience in bankruptcy and liquidation cases. Some of them have been elected to the bankruptcy service committee of the Shanghai Bar Association and the Shanghai Bankruptcy Administrators Association, and still some of them have the qualifications of financial, accounting and/or tax agents.

With its outstanding performance in the field of insolvency and restructuring, Watson & Band was named "2015 China Insolvency and Restructuring Law Firm of the Year" by Asian Legal Business and "2016 Insolvency and Restructuring Law Firm of the Year" by Asialaw Profiles. It has been included in the list of China's top-ranked law firms in the field of "Bankruptcy Liquidation and Reorganization" by the well-known rating agency LEGALBAND for six consecutive years from 2019 to 2024.