Beijing, China.
Beijing, China. (Photo: LU JINRONG/Shutterstock.com)

Shearman & Sterling has hired attorney Li Chen as a mergers and acquisitions partner in Beijing.

Chen, who was once an associate with Shearman, was previously a partner with Akin Gump Strauss Hauer & Feld, where she focused on China outbound transactions and represented Chinese companies on cross-border investments and transactions. In 2015, she advised a consortium led by Hong Kong-based Chow Tai Fook Enterprises Ltd. on a $109 million investment into Chinese forestry company Greenheart Group Ltd. In the same year, she was also part of the Akin Gump team that advised Russian oil producer Lukoil on a $1.1 billion sale of assets in Kazakhstan to China’s Sinopec Ltd.

Chen first joined Akin Gump as a partner in Beijing in 2013 from Milbank, Tweed, Hadley & McCloy, where she was of counsel, and moved to the firm’s Washington, D.C., office in early 2015. She practiced with Shearman in Beijing as an associate between 2003 and 2011.

Shearman global M&A head George Casey said Chen’s strong connections with Chinese state-owned enterprises would help the firm tap into new outbound opportunities while cross-selling other key practice areas.

Chen is the third partner in Beijing. She joins longtime M&A partner Lee Edwards and international arbitration partner Emmanuel Jacomy, who was promoted in November 2016 .

Shearman recently reshuffled management positions in its Greater China offices, eliminating several office and regional managing partner roles. Hong Kong partner Matthew Bersani is no longer Asia managing partner, a position he had held since 2004 . He is now the firm’s global head of corporate finance. Colin Law and Edwards are no longer office managing partners for the Hong Kong and Beijing offices, respectively. Law now co-manages the firm’s Greater China practice with Hong Kong partner Lorna Chen, while Edwards remains a partner in Beijing.

Former Shanghai managing partner Andrew Ruff left to join Linklaters earlier this month.

Daryl Chew takes over as Singapore managing partner from William McCormack while Tokyo managing partner Masahisa Ikeda is now managing partner for Japan at the firm.

Last year, Shearman implemented a global de-equitization of partners . According to the most recent Am Law 100 survey, the firm reported a 13.8 percent drop in number of equity partners but its nonequity partner number more than doubled to 55 in 2016 from just 26 a year earlier. The firm reported $2.17 million in profits per partner in 2016 , up 18 percent from $1.8 million in 2015.

Anna Zhang is based in Hong Kong, where she writes about the business of law and legal issues in Asia and Australia. Contact her at azhang@alm.com. On Twitter: @annazhangc

Shearman & Sterling has hired attorney Li Chen as a mergers and acquisitions partner in Beijing.

Chen, who was once an associate with Shearman, was previously a partner with Akin Gump Strauss Hauer & Feld , where she focused on China outbound transactions and represented Chinese companies on cross-border investments and transactions. In 2015, she advised a consortium led by Hong Kong-based Chow Tai Fook Enterprises Ltd. on a $109 million investment into Chinese forestry company Greenheart Group Ltd. In the same year, she was also part of the Akin Gump team that advised Russian oil producer Lukoil on a $1.1 billion sale of assets in Kazakhstan to China’s Sinopec Ltd.

Chen first joined Akin Gump as a partner in Beijing in 2013 from Milbank, Tweed, Hadley & McCloy , where she was of counsel, and moved to the firm’s Washington, D.C., office in early 2015. She practiced with Shearman in Beijing as an associate between 2003 and 2011.

Shearman global M&A head George Casey said Chen’s strong connections with Chinese state-owned enterprises would help the firm tap into new outbound opportunities while cross-selling other key practice areas.

Chen is the third partner in Beijing. She joins longtime M&A partner Lee Edwards and international arbitration partner Emmanuel Jacomy, who was promoted in November 2016 .

Shearman recently reshuffled management positions in its Greater China offices, eliminating several office and regional managing partner roles. Hong Kong partner Matthew Bersani is no longer Asia managing partner, a position he had held since 2004 . He is now the firm’s global head of corporate finance. Colin Law and Edwards are no longer office managing partners for the Hong Kong and Beijing offices, respectively. Law now co-manages the firm’s Greater China practice with Hong Kong partner Lorna Chen, while Edwards remains a partner in Beijing.

Former Shanghai managing partner Andrew Ruff left to join Linklaters earlier this month.

Daryl Chew takes over as Singapore managing partner from William McCormack while Tokyo managing partner Masahisa Ikeda is now managing partner for Japan at the firm.

Last year, Shearman implemented a global de-equitization of partners . According to the most recent Am Law 100 survey, the firm reported a 13.8 percent drop in number of equity partners but its nonequity partner number more than doubled to 55 in 2016 from just 26 a year earlier. The firm reported $2.17 million in profits per partner in 2016 , up 18 percent from $1.8 million in 2015.

Anna Zhang is based in Hong Kong, where she writes about the business of law and legal issues in Asia and Australia. Contact her at azhang@alm.com. On Twitter: @annazhangc