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Wall Street Lawyers Take Hong Kong Bar for China Fees

William Barron, who advised Industrial & Commercial Bank of China Ltd. on the world’s largest privatization and Cnooc Ltd. on its 2005 attempt to buy Unocal Corp., qualified to be a Hong Kong lawyer this year.

The 53-year-old partner in Davis Polk & Wardwell LLP’s Hong Kong office and 16 of its other 24 lawyers in the city took the exam as law firms bet that the special administrative region of China is the key to future fees from the world’s fastest-growing major economy.