Clyde & Co Beijing managing partner Patrick Zheng has joined the Chinese firm Llinks Law Offices, the latest in a string of Chinese partners from global firms who have moved to domestic Chinese firms.
Zheng has joined Shanghai-based Llinks as head of dispute resolution. An international arbitration and cross-border dispute resolution specialist, Zheng has served as counsel and arbitrator on cases before institutions such as the Hong Kong International Arbitration Center and the London Court of International Arbitration.
Before arriving at Clyde & Co in 2014, Zheng co-led the Greater China international arbitration practice for Clifford Chance. He practiced as a litigator with legacy Herbert Smith in Beijing before joining the Magic Circle firm in 2011.
Zheng’s arrival will add to Llinks’ domestic arbitration and litigation practices and help develop an outbound dispute practice for the firm’s Chinese clients, including commercial arbitration as well as investment arbitration under rules set by Washington, D.C.-based International Centre for Settlement of Investment Disputes and New York-based United Nations Commission on International Trade Law.
Zheng is the latest in a spate of Chinese-born lawyers moving to Chinese domestic firms from U.S.- and U.K.-based global law firms, where many were partners. The Asian Lawyer reported last week that top Chinese firms are growing increasingly aggressive in lateral markets as they seek to become major players in the global legal market.
Despite its relatively smaller size—Llinks had 75 lawyers firmwide in 2016—Llinks is one of the most profitable domestic firms in China. The firm reported $970,000 in profit per partner in 2016 among 18 equity partners.