PricewaterhouseCoopers offices in Washington, D.C. (Photo: Diego M. Radzinschi/ALM)
PricewaterhouseCoopers’ legal arm has new partners in mainland China.
Former Run Ming Law Firm founding partners Wang Yadong and Liu Yi earlier this year joined the Big Four auditor’s Beijing member firm Rui Bai Law Firm. Following that, Rui Bai founding partner Jenny Zhong and Shanghai-based partner Xiong Tao both left for the Chinese firm JunHe.
Wang specializes in intellectual property litigation and foreign direct investment projects in China. In 2007, he merged his own firm, Run Bo Law Firm, with Liu’s Junyi Law Firm to form Run Ming . Before striking out on his own, Wang worked at JunHe, joining there in 1993 and spending a decade as a partner with the firm.
Liu advises on banking and finance deals, especially in aircraft leasing and financing. In 1995, he co-founded Junyi , a finance boutique. In 2007, as Liu joined Wang to create Run Ming, seven of his partners at Junyi joined JunHe.
Beijing-based Rui Bai has eight lawyers, according to registration records . The firm’s business covers corporate and financing transactions, aircraft and equipment leasing, labor law, IP and tax dispute resolution, according to its website .
Rui Bai was launched in 2015 by Jenny Zhong, a former partner with Chinese firm Broad & Bright, in Beijing. At the same time, two of her former Broad & Bright partners—Xiong Tao and Catherine Shen—formed Xin Bai Law Firm in Shanghai. Both firms were formed as part of PwC’s legal network , and all three became PwC partners in 2015 .
Zhong, a former lawyer with the Chinese Ministry of Foreign Affairs, specializes in FDI-related deals and compliance work. She has joined JunHe in Beijing. Xiong, who holds a J.D. from New York University School of Law, was an associate with O’Melveny & Myers and K&L Gates before joining Broad & Bright as a partner in 2009. She is based in JunHe’s Shanghai office.
Shen remains with Xin Bai and PwC.
In 2017, PwC Legal expanded into Hong Kong by forming an association with a local law firm established by former King & Wood Mallesons partner David Tiang and former O’Melveny & Myers lawyer Gigi Woo.