Shanghai, China – The YaoWang Law Office, founded just under two years ago, has recently expanded its legal team by welcoming four new partners from two major law firms. In a strategic enhancement of its practice areas, YaoWang added Reking Chen from DaHui Lawyers and three partners from international firm Simmons & Simmons.
Reking Chen joined YaoWang in October, bringing a strong background in intellectual property rights, alongside extensive experience in cross-border litigation and non-litigation issues. Chen has practiced law in both the United States and China, highlighting his international expertise, which is an asset for YaoWang’s growing client base.
Joining earlier in June were Melody Yang, Sherry Si, and Frank Zhuang from Simmons & Simmons. These three partners have not only contributed to an increase in the firm’s capacity but also diversified its expertise substantially. Melody Yang, now a co-head of YaoWang, operates from both Beijing and Shanghai and specializes in asset management. Sherry Si, stationed in Shanghai, joins Yang in focusing on the asset management and fund business, advising on a variety of financial instruments. Frank Zhuang, also based in Shanghai, offers over two decades of experience in cross-border mergers and acquisitions, enhancing the firm’s corporate law capabilities.
The expansion comes after YaoWang’s strategic alliance formed in the same year of its inception with Simmons & Simmons, which continues to operate in Beijing, Shanghai, and Shenzhen. This collaboration intends to fortify YaoWang’s presence in the legal domain concerning PRC law while leveraging Simmons & Simmons’s expertise in handling international legal matters.
Interestingly, while Simmons & Simmons maintains its presence in major Chinese cities, there are currently no lawyers listed for the Shanghai office on its website, indicating a possible restructuring or shift in focus towards supporting YaoWang.
The staffing update marks a significant stride in YaoWang’s budding presence in China’s competitive legal market. The firm is co-managed by May Lu, also a former labor law partner at Simmons & Simmons, further tying the new talent back to the global law firm.
With these new partner additions, YaoWang is enhancing its legal services in fields like asset management, regulatory compliance, and private equity funds, including those denominated in both U.S. dollars and renminbi. There’s also the provisioning for trust plans and insurance asset management products, underlining the comprehensive nature of services they aim to offer.
This strategic expansion is seen as part of a broader attempt by YaoWang to firm up its capabilities in key areas of financial and corporate law to cater to both domestic and international clientele more effectively.
Still, with such rapid growth and changes, challenges about integration and service standardization remain. However, proactive moves such as these indicate a robust effort by YaoWang to establish itself as a stalwart in China’s legal sector amid evolving market needs.
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