December 2009
笢恅唳 |  English
Buzz  

JP Morgan Chase recruited Shao Zili, Asia managing partner of Linklaters, to take charge of its business in China.  Shao, one of the leading corporate lawyers in Asia, will take office as chairman and chief executive of JPMorgan's China business at the end of January.

Orrick recruited former Paul Hastings partner Phoebus Chu to join the China corporate and capital market practices as a partner.  Chu has over fifteen years* experience with cross-border corporate finance, capital markets and M&A transactions.  He will operate between the firm*s Beijing and Hong Kong offices.

Mallesons Stephen Jaques*s Hong Kong office is set to lose litigation partner Simon Clarke to Allen & Overy, where he will join the firm*s litigation and arbitration practice as a partner. Mallesons is already one step ahead in gaining leading arbitration figure Neil Kaplan as an advisor.  Kaplan has more than 40 years* experience in dispute resolution.

Herbert Smith advised China Agri-Industries Holdings, a producer of processed agricultural products and the listed subsidiary of COFCO Corporation, regarding a US$250m five-year loan facility.  Seven banks will provide finance 每 Banco Santander, Bank of Tokyo-Mitsubishi UFJ, Bank of China, CITIC Ka Wah, ICBC, Mizuho and Standard Chartered.

Lovells acted on the sale of almost 93% of shares of Beijing Leader & Harvest Electric Technologies Co., Ltd. to private equity fund Affinity Equity Partners for US$200 million.  This transaction represents China's largest ever buyout where the acquirer is a single overseas private equity fund.

Hogan & Hartson represented Duoyuan Printing Inc, a US corporation and a leading offset printing equipment supplier in China with headquarters in Beijing, regarding its initial public offering of common shares on the New York Stock Exchange. The offering, valued at about US$55 million, follows the successful IPO and NYSE listing of Duoyuan Global Water some months ago.

Skadden, Arps, Slate, Meagher & Flom represented Bank of America Merrill Lynch and Hong Kong & Shanghai Banking Corporation, as the lead underwriters, in connection with the US$300 million Rule 144A/Reg S offering of 10 percent senior notes due 2016 by Agile Property Holdings Limited, a property developer in China whose shares are listed on the Hong Kong Stock Exchange.

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Voice  

Interns return

PRC bar results for the 353,000 persons taking the 2009 exam were recently released.  The pass rate, higher than past years, is expected to be 22 - 25%.  See earlier statistics in LawInnSight December 2007.

Prospects for internships are much improved for those passing the exam.  A looser policy allowing more law students to take the bar exam, appears to be attracting more law firms to look for intern talent on campuses.  To understand this trend, we gathered information about law firm campus/intern recruiting.

When

Most law firms set separate summer and winter vacation internship/trainee programs〞from June-to-August and December-to-February each year.  Promotion is usually done 1 - 3 months before the start date.  Some firms provide a whole year for application. 

The vacation programs usually last 1 每 3 months; interns are asked to work full-time each week.  Some programs may last 3 每 6 months with the work time based on an intern*s schedule.  Besides the regular vacation internship programs, some law firms continually recruit interns.  In a few law firms, such as Jun He, outstanding interns may be offered a second intern contract after one period.

Where

Law firms use various methods to attract top quality legal interns.  Some firms deliver a seminar on campus or in a hotel; some set online applications; some post recruiting information on a university BBS; and some participate in job fairs.  Jun He, Fangda and Paul Hastings finished their campus presentations recently.  Hogan & Hartson, Baker & McKenzie, Jones Day and Clifford Chance publish their trainee/internship programs on their firm websites.

Who

Firms are seeking interns at 2nd / 3rd year LLM or 3rd / 4th year LLB.  Reputable law schools at universities in big cities like Beijing, Shanghai and Hong Kong are first choice for law firms recruiting interns.  Most firms have their own preference of targets.  In mainland China, Peking, Tsinghua, Fudan, ECUPL, CUPL, RUC rank top in our investigation.  Some firms are recruiting interns with overseas education from reputable universities.

What

Besides requirements on schools and levels, different firm have other particular requirements when recruiting interns.  

GPA is always an important element for evaluating a student.  Many firms mention this point in their job description, such as MWE, Fangda, Baker & McKenzie, Paul Hasting, Hogan and Haiwen.  Fangda stresses basic legal knowledge and experience as necessary for a legal intern.  Fangda*s HR Department told us, ※Past legal experience may be a basis for firms to divide interns into each practice area§.  A US based law firm points to the ※requirement for overseas educational background and good drafting skills.§  Freshfields asks for good physical health to fill tough work.  For foreign firms, good command of English, or other second language, or even a Chinese dialect, is essential. 

We are told that most law firms provide training program for interns.  ※Interns are divided into different practice areas and some senior associates or partners will work as the mentor to lead them,§ says Fangda.  The interns will be instructed to finish legal work in their own group.  Good character and attitude is crucial for success working in a group.  Intern should be hardworking, careful, flexible, responsible and self-motivated.

Some firms, such as Allen & Overy, O*Melveny, Jones Day, Jun He and Baker & McKenzie, provide scholarships to filter campus talent.  Students always show their competitive strength when applying for the scholarships.

Key general selection criteria for interns are:

How

Since most interns are senior university students and graduates, a permanent offer is the final target for them.  Will interns have opportunities to get a permanent offer?  How to get it? 

Many law firms, such as Paul Hastings, Fangda, Jun He and Linklaters, will retain the excellent interns as permanent employees.  The HR manager of Paul Hastings Shanghai office says, ※Selected interns will receive permanent offers based on the internship evaluation.§ 

Since the financial crisis in 2008 and 2009, most law firms cut budgets for recruiting new talent. Some   firms may eliminate campus recruiting entirely.  Other firms are increasing campus recruiting to find high quality young talent to perform work at less cost to the firm than recruiting experienced lawyers.  For top students〞especially those passing the bar exam〞it may be a return of opportunity for good internships.

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Fun  

A dog ran into a butcher shop and grabbed a big piece of meat from the counter.  Fortunately, the butcher recognized the dog as belonging to his neighbor. The neighbor happened to be a lawyer.

Angry at the theft, the butcher called up his neighbor and said, "Hey, if your dog stole meat from my butcher shop, would you be responsible for the cost of the meat?"  The lawyer replied, "Of course, what*s the cost of the meat?" "$7.98."

A few days later the butcher received an envelope with $7.98.  Attached to it was a bill statement that read: Legal Consultation Service: $150.

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Vacancies  

The LawInn team is constantly working to bring you the best choice of legal opportunities in China.  Below is a small selection of the positions we are currently handling:

Corporate Lawyer 每 Shanghai 每 Ref: LPF10201
This is one of the leading independent German law firms.  It operates more than 10 offices worldwide providing high quality legal services.  Currently, the firm is looking for a Corporate Lawyer to serve in its Shanghai office.  Contact Angel Xin at (021) 6249-2300 or email.

Corporate Lawyer 每 Shanghai 每 Ref: LPF05804
This is a leading full-service law firm in the Nordic region.  It specializes in different areas of business law.  Currently, the firm is looking for a Corporate Lawyer to be located in its Shanghai office.  Contact Jolie Hu at (021) 6249-2300 or email.

Senior IP Counsel - Beijing / Shanghai 每 Ref: LPF04223
This is a reputable international law firm.  It is among the world*s largest law firms.  It provides an extensive range of legal services organized around several global practice groups.  Currently, the firm is seeking Senior IP Counsel, to be located in its Beijing or Shanghai office.  Contact Susan Guo at (021) 6249-2300 or email.

Corporate Lawyer 每 Beijing 每 Ref: LPF04224
This is a leading international law firm.  It is among the world*s largest law firms.  Currently, the firm is seeking Corporate Lawyer, to be located in its Beijing office.  Contact Ally Zhang at (010) 5100-0696 or email.

IT Specialist 每 Shanghai 每 Ref: LPFTP02
This is a prominent Shanghai-based professional service firm.  Currently, it is looking for qualified candidates to fill the vacancy of IT Specialist, to be located in Shanghai.  Contact Susan Guo at (021) 6249-2300 or email.

Legal Counsel - Shanghai - Ref: LPC07802
This is an international technology corporation that serves customers in the pulp and paper industry, rock and minerals processing, and power generation.  Currently, it is seeking Legal Counsel, to be based in Shanghai.  Contact Jolie Hu at (021) 6249-2300 or email.

Project Manager 每 Shanghai 每 Ref: LPF10101
This is a project management firm headquartered in Shanghai.  It provides professional services on corporate transactions.  Currently, it is looking for qualified candidates to fill the vacancy of Project Manager, to be located in Shanghai.  Contact Jolie Hu at (021) 6249-2300 or email.

For more positions, please click http://www.lawinn.net/service2.asp

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Buzz

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