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. 

May be interested

Professional Team
Professional Interpretation
More
  • Preventing corporate governance risks under new Company Law2024-07-03
    The 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?2021-10-25
    Both 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?2021-08-24
    In 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
More
Beijing Docvit Law Firm (Docvit in short), which was established in 2003, is one of the few earliest law firms instituted as a corporation rather than partnership in China. Aimed at building a high quality law firm with professional competence, Docvit fostered innovation under its unique system of operating as a large-scale corporation. Benefited with its core-competitiveness, such as international insights and full IT application management mode, to name some of them, Docvit pursued cross-border development and established an image of high-end brand in a industrialized market. In 2015, Docvit was ushered into a “3.0 era” of moderate-scale development, which witnessed the gradual formation of nation-wide and world-wide layout with the start-up of branch offices in Tianjin, Jinan, Shenzhen, Shanghai, Chengdu, Taiyuan, Hong Kong, London and other places in succession.
Brand Activity
More
Honors
More
Over the years, business and brand of DOCVIT have matured and won the "Special Contribution Award of All China Lawyers Association", "Excellent Law Firm in Beijing", "Excellent Law Firm in Chaoyang District", ALB2016 Asia Top Ten Elite Law Firm, 2018 Outstanding Law Firm Award by China Business Law Journal, etc.