The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
One of legacy King & Wood’s founding partners, Bai Yanchun, has joined Beijing-based Commerce & Finance as a partner.
The move comes almost two years after Bai’s sudden departure from King & Wood at the end of 2011, which coincided with the Chinese firm’s announcement that it was merging with Australian firm Mallesons Stephen Jaques (24 November 2011). Bai’s departure sent shock waves through the Beijing legal market as well as among the firm’s senior partners.
Sources familiar with the firm attributed Bai’s exit from King & Wood to professional disagreement with chairman Wang Junfeng over remuneration, management and the strategic direction of the firm. Wang and Bai together with a couple of other partners left Global Law Office and founded King & Wood in Beijing in 1993.
Bai is a veteran capital markets lawyer, who has advised on more than 150 IPOs and listings on stock exchanges in China and abroad. He was appointed to the listing approval committee of the China Securities Regulatory Commission (CSRC) in 2008 and served a two-year term. He is also an arbitrator listed on the panel of China International Economic and Trade Arbitration Commission (CIETAC).
Partners at Commerce & Finance noted that Bai joined the firm as a partner at the end of 2013 but the administration process of the transfer was only recently completed.