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Silicon Valley-based Cooley has opened an office in Shanghai, marking the firm’s first move into an international jurisdiction.
The Shanghai office will focus on advising companies and investors in high-growth sectors, such as TMT, life sciences and clean energy. Its China practices will span across venture capital fund formation and investment, capital markets and corporate transactions, and commercial, IP and securities litigation.
Cooley will relocate California-based corporate partners Brad Peck and Patrick Loofbourrow to Shanghai, where Peck will serve as head of the new office. Both partners are experienced in representing technology and life sciences companies, while Loofbourrow has also advised many venture capital and other firms that invest in such businesses.
Over the past 20 years, the firm has been advising on China-related matters, particularly in the formation of funds investing in China. In 1989, it advised on the formation of the first institutional venture capital fund investing in China and to date has formed 43 Chinese venture capital and private equity funds for nearly 20 fund managers. It has also represented a umber of US fund mangers in their investment in China.
Joe Conroy, Cooley’s chief executive officer, commented that the firm’s core practices are well aligned with China’s growth areas, adding that many of its clients are established in China and plan to grow aggressively there.
Peck said the firm will continue to build the Shanghai office through the addition of talented local lawyers, while more of the firm’s fund formation lawyers will spend a significant amount of time on the ground in Shanghai working on client matters.
Currently, there are over 120 foreign law firms (excluding Hong Kong firms) with a representative office in Shanghai.