DOCVIT miracle: Complete 2 mergers and 4 integrations within 100 days
Source: Time: 2016-10-23 10:23:01 Author:
Recently, signing ceremony of agreement on merger of Beijing Union Law Firm and Beijing DOCVIT Law Firm was held in Beijing. Previously, on July 29, Beijing DOCVIT Law Firm signed the merger agreement with Beijing Canway Law Firm and Beijing Jiacheng & Taihe Law Firm.
It is learnt that it has been the second merger completed by DOCVIT within 100 days after the merger with Canway and Jiacheng & Taihe on July 29th and it has been the rare in the industry that four firms were merged almost at the same time. Canway, Jiacheng & Taihe, Union and DOCVIT will thoroughly complete merger at the end of the year, and DOCVIT will be reserved as the main brand after merger.
In this merger ceremony, director of Union Law Firm Yun Dahui expressed that the formal merger of Union and DOCVIT symbolized the significant change in the career of Union and it also opened the new journey of the development of such two law firms. For the common ideal and feeling, everybody has come together. The future is full of hopes and everybody shall make efforts together; DOCVIT is expected to enter the forefront and upstream of the industry after merger.
Director of DOCVIT Liu Guangchao thought that merger of DOCVIT and Union was a beneficial exploration of development mode to the industry and marked another higher starting point for such two law firms. With the excellent and tidy team, Union is a standard, aspirant and responsible law firm. Mutual respect and appreciating each other are the footstone for the successful merger of such two firms. Everybody is expected to seek common points while reserving difference, be inclusive and insistent and make unremitting efforts to create the new era of DOCVIT together.
Liu Guangchao introduced that DOCVIT was the forerunner of law firm demutualization and was also the pioneer of corporate system of law firm. In Development Planning 3.0 of Docvit, in addition to the transformation from demutualization to corporate system and transformation from professionalization to expert type, transformation from best quality to appropriate scale is also included. With this further merger with Union, DOCVIT has basically realized the appropriate scale and its development has entered into the new stage.
In the previous merger ceremony on July 29th , director of Beijing Canway Law Firm Huang Ying expressed that such law firms had the common pursuit, ideal, feeling and responsibility sense and that it was Guangchao's entrepreneur spirit that brought everybody together. Director of Jiacheng & Taihe Law Firm Ma Huijuan expressed that the merger was for development instead of survival; it was the collective upgrading instead of huddling for warmth; it was more yearning for spring instead of being unable to endure winter. "The industry requires reform and integration and merger of Canway, Jiacheng & Taihe and DOCVIT is a kind of exploration of the development mode for small and medium law firms. We all love this industry and need changing, and we are the same kind of people, which bring us together," said by director of DOCVIT Liu Guangchao.
In addition, recently, DOCVIT also put forward the concept of "green law firm" for the first time based on the corporate system law firm; it clearly indicated that "green law firm" was a direction, a state and a realm of law firm development and that "green law firm" should take the rational mode, healthy state, innovative road and natural development as the main characteristics, and it also thought that "green law firm" was the inevitable choice for harmonious coexistence of lawyer individual, law firm and industry.
Relevant Recommendation
Docvit News | Mr. LIU Guangchao got shortlisted in the Expert Bank of the First Equity Investment Plan and Insurance Private Equity Fund Evaluation of Insurance Asset Management Association of China, and became an expert both in the in insurance fund creditor's rights and equity investmentDocvit News | Mr. LIU Guangchao was elected as the council of the 11th Beijing Lawyers AssociationDocvit News | Mr. LIU Guangchao participated in the "Equity Investment Plan and Insurance Private Equity Fund Evaluation Expert Training Seminar" of Insurance Asset Management Association of China and obtained the expert appointment letterDocvit News | Mr. LIU Guangchao was invited to attend China Finance 40 Forum Annual Conference in 2019 - special theme seminar, and obtained the letter of appointment as a council.
May be interested
Professional Team
- A
- B
- C
- D
- E
- F
- G
- H
- I
- J
- K
- L
- M
- N
- O
- P
- Q
- R
- S
- T
- U
- V
- W
- X
- Y
- Z
Professional Interpretation
More-
Preventing corporate governance risks under new Company Law2024-07-03The new Company Law promotes the transformation of corporate governance from shareholder primacy to director primacy. This imposes governance responsibility on entrepreneurs such as directors, supervisors, officers (DSOs) and actual controllers of a company, increasing their risk of performing duties with their personal property at stake. Therefore, reducing the risk of entrepreneurs and their families facing compensation over corporate governance is of great concern. -
How to deal with the failures to fulfill duty of diligence?2021-10-25Both party A and party B are shareholders of company a, with a accounting for 30% of the shares and B for a state-owned enterprise holding company, accounting for 50% of the shares. Mr. Li is a director appointed by company B to company a, and also the head of financial department of company A. At the beginning of 2021, party A learned that there was still 1 million yuan of capital contribution of company B due but not paid in, and Mr. Li never called on company B according to his duty when he clearly learned that company B did not fulfill his obligation of capital contribution. In addition, Li used his authority to change the management authority of company A's office system, adjust the relevant processes and procedures of the company's internal management, and put pressure on the employees without reason, resulting in the failure of company A's normal operation for three consecutive months. In view of Li's behavior, how should company a and shareholders a protect the rights and interests of the company and themselves? -
Voting rights can be restricted if shareholders fail to invest?2021-08-24In recent years, the competition for corporate control has become more and more intense. The form of competition is no longer confined to the background, but gradually moved to the stage. In order to fight for corporate control, the disputes about the representation of corporate will caused by the internal power struggle in commercial cases are increasing. Voting right has also become the focus of contention among shareholders. If they fail to fulfill the obligation of capital contribution on schedule, there are serious differences among shareholders about whether their voting right can be limited. In the absence of special provisions in the articles of association, should shareholders vote according to the proportion of paid in capital contribution or the proportion of subscribed capital contribution?
About DOCVIT
MorePerformance
MoreAchievements of Docvit | We managed to win the bid for the legal service institutional repository of China National Nuclear CorporationAchievements of Docvit | We managed to win the bidding for the alternative repository of legal services intermediary institution of China Petroleum & Chemical Sales Co., Ltd. Shanxi BranchAchievements of Docvit | We managed to enter into contracts with several institutions and would provide regular legal services for them.Achievements of Docvit | We managed to get shortlisted in the external non-litigious lawyer repository of China Chengtong Holdings Group Ltd.
Brand Activity
More-
[08/31]Forum on Insurance & Insurance Asset Management Industries’ Innovation and Legal Health Development under the New Pattern of Financial Opening-up and Release Conference of Blue Book of Legal Health of China’s Insurance Industry 2018 (Index & Special Reports)
At present, China’s financial open-up has entered a substantial promotion stage, and as an important link thereof, opening-up of insurance industry plays a unique role in financial opening-up. Under the new opening-up pattern of finance and insurance industry, and in the new situation of pan-asset management and integrated development, it has become an urgent topic to discuss and study how China’s insurance asset management institutions should grasp development opportunities, meet challenges head on, how to promote standardized transformation and sound development of the insurance and insurance asset management industries, and how to achieve innovation and high-quality development in compliance. -
[08/17]Launch ceremony of DOCVIT bond default dispute resolution new product line and seminar on bond default disposal and bond market development under the new normal of economy
Halfway through 2019, how will the bond market perform in the second half of the year? How will various factors affecting the bond market work? Where are the investment opportunities? How do bond default disposal and bond market develop under the new normal of economy? In order to discuss the above issues in depth, Beijing DOCVIT Law Firm will hold a seminar “bond default disposal and bond market development under the new normal of economy”. At the seminar, DOCVIT bond default dispute resolution new product line will be released; the product line studies and analyzes the development environment of China’s bond market and the problems and challenges facing its dispute resolution in the context of the new normal of economy and, from a legal perspective, explores the new ideas on bond default disposal in the context of tighter regulation. -
[08/03]3rd Forum on China’s Economic Development and Legal Regulation and Release Ceremony of GLGA Blue Book of China’s Non-performing Assets 2018
In recent years, in the face of a complex international environment and arduous tasks of domestic reform, development and stability, China's economy has maintained a generally steady development trend. However, the Sino-US trade issue is still unresolved and, given the aftershocks of domestic market’s breaking the rigid payment, can China’s economy maintain low volatility and high-quality, stable development in the future? And what opportunities and challenges will China’s macroeconomic development face?