Last week, former Paul Hastings partner Nan Li, a star lawyer who focused on initial public offerings in Hong Kong, started a new job at China’s Tian Yuan Law Firm. He was the third Hong Kong IPO partner to leave Paul Hastings since September.

Bonnie Yung left in April to join Big Four accounting giant EY’s growing affiliated Hong Kong law firm, LC Lawyers; and Steven Winegar, Paul Hastings’ former Hong Kong office chair, joined China’s Ping An Insurance as international general counsel last fall.

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