Former Cadwalader, Wickersham & Taft Asia managing partner Rocky Lee and Hong Kong capital markets partner Stephen Chan have located new homes in King & Wood Mallesons and Dechert, respectively, following the closing at the end of December of the New York firm’s Beijing and Hong Kong offices.
Lee has joined King & Wood Mallesons as the firm’s head of U.S. corporate practice, splitting his time between Beijing and Menlo Park. Lee has built his practice representing private equity investors and Chinese startup founders on financing rounds. He’s advised investments into leading Chinese internet and technology companies such as smartphone maker Xiaomi Corp., car hailing app operator Didi Chuxing and China’s Airbnb Tujia.com.
Lee joined Cadwalader in 2010 from DLA Piper, where he had headed the firm’s Asia private equity practice since 2006. Earlier in his career, he practiced with legacy Lovells in Beijing and Pillsbury Winthrop Shaw Pittman in Palo Alto, California.
Chan arrives at Dechert’s Hong Kong office. He is taking three associates with him. His practice focuses on Hong Kong Stock Exchange listings and related M&As and REIT transactions. In August, he represented Hong Kong-listed New Century REIT on a $30 million hotel acquisition in the Netherlands.
Chan joined Cadwalader and made partner in early 2015 as part of a three-partner, four-counsel team from Latham & Watkins, where he was an associate. He moved to Latham with the same group of lawyers from Allen & Overy in 2009.
In September, Cadwalader announced that it planned to close its Beijing and Hong Kong offices by the end of 2016, stating it would be focusing on core clients in the U.S. All lawyers in those offices, including six partners in Hong Kong and Beijing, were laid off. Besides Lee and Chan, former Hong Kong partner Jeffrey Maddox has returned to his former firm, Jones Day.
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