Practice Areas
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Private Client Group (High Net Income Individuals)
China has undergone the greatest economic transformation in the history of the world. With such tremendous changes, we also witness a tremendous growth of individual wealth of Chinese nationals.
According to Forbes Magazine, China is home to more than one million individuals who have more that one million USD in assets and income, and 5 individuals with more than a billion dollars worth of individual assets and income, the number grows exponentially each year.
LEHMAN, LEE & XU has been consistently identified by our peers at the Chinese bar and foreign and Chinese financial institutions as the leading Tax & Trusts Chinese law firm committed to advising and representing high net worth individuals in their personal and family business affairs. The practice provides experienced cross-practice area resources and cross boarder legal advice to help our Chinese clients successfully meet these needs. We assist clients through deft navigation of the complex legal and business issues associated with tax, capital investment, liability management, closely held businesses, offshore tax structures, offshore and on-shore trust structures, wealth succession, philanthropy, personal affairs and litigation. Our Private Client Group (which to our knowledge is the only practice group that deals with these issues in a Chinese law firm) demonstrates the Firm's dedication to these unique needs and our goal for providing solutions with a unique perspective and unmatched set of Chinese and foreign professionals.
Beyond Personal … Individualized Service
The Private Client Group is dedicated to focused, individualized and responsive service. From our experience with Chinese high net worth individuals, we understand each client has different goals, concerns and tolerance for risk. Through long-term relationships, we help our individual and family clients develop the best approaches for their specific situation.
With more than 200 professionals in the firm, coupled the capacity and experience of our multi-national network of lawyers and professionals we work with around China and the world, we provide sophisticated professional counsel with the ability and desire to build close, personal relationships with our high net worth clients. The strength of our client relationships has in some cases survived generations. Our Private Client Group takes advantage of our historical client knowledge to customize recommendations and solutions to meet the particular goals of each client.
Comprehensive International Services in China
Lehman, Lee & Xu maintains a unique position in the Chinese legal market. We maintain a focus on entrepreneurial and individual clients and the companies in which they are involved while regularly handling complex corporate tax planning, business transactions and litigation. Our Private Client Group brings together lawyers experienced in tax, estate planning, business transactions, real estate, intellectual property, construction and litigation.
For example, we have recently assisted private high net worth Chinese clients with the following matters: Angel, venture capital and subsequent investments in closely held companies in China and overseas; Coordinating with Chinese and foreign financial institutions and private bankers on behalf of high net worth Chinese clients; Chinese corporate formation and offshore company formation,overseas investment, coordinate foreign direct investment and foreign joint venture relationships; Family business restructuring and succession planning; Review of construction contracts, subcontracts, designs and assist in disputes and property closing for real estate projects and residences; Land use, zoning, natural resources and other environmental concerns; Fractional ownership programs for aircraft, yachts and luxury residences; Duties and responsibility of service on boards of directors (China & Abroad), coordinate D & O insurance coverage counseling,for both for-profit and non-profit entities, charitable organizations, educational institutions and non-governmental organizations; Trust and probate planning, risk analysis and litigation resulting from heir disputes; Employment counseling, due diligence, background checks with respect to personal employees limiting liability and issues relating to hiring, maintaining welfare benefits under Chinese law and termination under Chinese law.
Friendly Professional Advice When You Need It in China
The Firm's Private Client Group is passionate about business and maintains an extensive network in the Chinese and foreign business community. We regularly and pro-actively tap these resources to better understand the intricacies of a wide range of industries. Regardless of the project, we bring together the necessary resources to meet the specific and individual needs of our high net worth clients through the full range of personal, family and business issues they face.
LEHMAN's Private Client Group is known for providing high level, direct advice and responsive communication in a friendly manner. The professional you hire will be your key contact under the coordination of the firm's management to guarantee the highest standards are achieved. This individual is responsible for understanding your goals and providing advice and recommendations customized to achieve your goals, your families goals or your companies' objectives. Our technology platform provides various, convenient avenues of communication, tailored to your preference and style.
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