09:10, July 25 158 0

2017-07-25 09:10:13
O’Melveny Beijing chief leaves for Hogan Lovells

O’Melveny & Myers’ Asia practice has seen another leadership team member exit, as Beijing managing partner and Asia transactions head Larry Sussman has resigned to join Hogan Lovells.

Sussman will join Hogan Lovells’ Beijing office as a corporate partner. His practice has a particular focus on tax law and corporate transactions.

Sussman leaves O’Melveny after 15 years of practice with the firm as a partner. He was promoted to Beijing managing partner in 2008 following predecessor Howard Zhang’s move to Davis Polk & Wardwell.

He also served as head of transactions for Asia and various leadership committees of the firm.

Following his departure, O’Melveny will have two partners left in Beijing, one of whom spilts her time between Beijing and Shanghai.

Sussman is the first partner hire of Hogan Lovells in China since it established a Shanghai Free Trade Zone association with Fujian firm Fidelity. He will be the eighth partner in Hogan Lovells’ Beijing office, which is led by managing partner Jun Wei.

“Larry is US trained and has a well-established and broad practice and very senior leadership capabilities. I think he’s going to be a real asset to our clients in China and globally across the firm,” said David Gibbons, Hogan Lovells global head of corporate practice.

Over the past two decades of his practice in China, Sussman has a respectable client base acting across financial services, private equity, and the entertainment sector. His appointment is set to help develop Hogan Lovells’ growing US-China media and entertainment business as well as bring greater depth to the firm’s corporate and transactional offerings.

Sussman is the latest senior-level partner to leave O’Melveny in Asia. Last June, the firm’s Shanghai managing patner Li Qiang left to join DLA Piper. In January 2017, its sole resident Singapore partner Nathan Bush also joined DLA Piper, a move that triggered the firm to significantly downsize its Singapore office. In Hong Kong, former Hong Kong head and arbitration partner Friven Yeoh defected to Sidley Austin with a team of three lawyers last October.

According to The Lawyer Asia Pacific 100 2017, O’Melveny had 12 partners in Asia in March, down three partners compared to the same time last year. It is the 43rd largest international firm in Asia by partner number. In 2013, the firm had 21 partners and was ranked 17th in the same report.