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Davis Polk & Wardwell

In February, Davis Polk & Wardwell added partner Jason Xu to its Beijing office. A rising star who joined from Freshfields Bruckhaus Deringer, Xu has advised recent Hong Kong listings such as China Resources Mixc’s and Sino-Ocean Service Holding’s initial public offerings. But the significance of his arrival goes beyond his expertise and track record. He’s the first lateral corporate partner to join Davis Polk’s China offices in a decade.

A shift is taking place in the market. The Hong Kong IPO space, where global firms have spent the past few years scaling back, is expanding again. But is this the right time?

One could argue that Davis Polk is simply recovering from some previous losses. After former partner Bonnie Chan returned to the Hong Kong Stock Exchange in early 2020, Yang Chu had been the only lawyer specializing in Hong Kong law transactions at the partner level.

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Anna Zhang

Anna Zhang is the Hong Kong-based Asia Bureau Chief for Law.com International. She writes about lawyers and legal issues across Asia. Her coverage includes the business of law, global and domestic law firms, in-house legal departments and regulatory issues. She can be reached at [email protected]

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