Shearman & Sterling has hired attorney Li Chen as a mergers and acquisitions partner in Beijing.
Chen, who was once an associate with Shearman, was previously a partner with Akin Gump Strauss Hauer & Feld, where she focused on China outbound transactions and represented Chinese companies on cross-border investments and transactions. In 2015, she advised a consortium led by Hong Kong-based Chow Tai Fook Enterprises Ltd. on a $109 million investment into Chinese forestry company Greenheart Group Ltd. In the same year, she was also part of the Akin Gump team that advised Russian oil producer Lukoil on a $1.1 billion sale of assets in Kazakhstan to China’s Sinopec Ltd.
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