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.