Baker McKenzie has hired former Cadwalader, Wickersham & Taft Beijing partner Rose Zhu.
A corporate lawyer, Zhu represents cross-border transactions involving Chinese companies, especially state-owned enterprises. In 2015, she led a team at Cadwalader representing UBS AG and HSBC Bank plc as underwriters to Sinochem Offshore Capital Co. Ltd. on a $200 million Swiss franc-denominated bond, the first of its kind by a Chinese issuer.
Zhu arrived at Cadwalader in 2013 from K&L Gates, where she was a partner. She joined K&L Gates in 2011 after five years with Allen & Overy. She practiced with Cravath, Swaine & Moore earlier in her career.
Zhu is the latest Cadwalader partner to find a new home after the firm’s decision to close its Hong Kong and Beijing offices last year. In January, former Asia managing partner Rocky Lee joined King & Wood Mallesons in Beijing. From the Hong Kong office, former partners Stephen Chan and Jane Ng moved to Dechert and Stephenson Harwood, respectively, while former partner Jeffrey Maddox returned to former firm Jones Day in Singapore. Of all the former partners from Cadwalader’s China offices, all but one—Michael Liu—have now now landed at new firms.
Cadwalader is one of several U.S. firms to scale back its China presence recently; the firm announced plans to exit China last September, citing incompatibility between the firm’s target client base and those served by the China offices.
[This article was originally published on international.law.com]