Five Reasons. · CNOOC’s proposed $10.5 billion acquisition of Unocal – the largest-ever attempted takeover by a Chinese company of a foreign target The $3.78 billion investment

FiveReasons.

onePreeminence.In China. Throughout Asia. Worldwide. As a young lawyer, you will work with the market’s leading practitioners on transactions that are reshaping global business.

More high-yield debt transactions for Chinese issuers than any other law firm

The creation of CICC, the first investment bank in China

The $124 million IPO of Baidu

Temasek Holdings’ $3.1 billion investment in Bank of China

Landmark Chinese Transactions

Three of the largest-ever IPOs by Chinese issuers:

•AgriculturalBankofChina($22.1 billion)

•IndustrialandCommercialBank of China ($21.9 billion)

•ChinaConstructionBank($9.2 billion)

CNOOC’s proposed $10.5 billion acquisition of Unocal – the largest-ever attempted takeover by a Chinese company of a foreign target

The $3.78 billion investment in ICBC by a Goldman Sachs-led consortium

We advise on the matters that matter – the largest and first-of-their-kind debt and equity offerings in China and groundbreaking mergers, acquisitions and strategic investments into and out of the region. At Davis Polk, you work at the epicenter of shifts in the global economy.

We also rank among the world’s top firms across our practice:

•1stinmorecapitalmarketscategories than any other firm in 2007, 2008, 2009 and 2010 – Thomson Reuters

•“M&ATeamoftheYear”at IFLR’s 2010 Americas Awards

•Named“M&ALawFirmoftheYear”atthe2010AsiaPacific Atlas Awards

•Named“MostInnovativeU.S.LawFirmoftheYear”at the 2010 IFLR Asia Awards

Of Note

•DavisPolkisperenniallyamong the top five firms in Vault’s“Prestige”rankings

In Asia, we are one of the region’s preeminent corporate law firms:

•Named“InternationalCapitalMarketsTeamsoftheYear”attheChinaLaw&PracticeLawAwardsfor2010

twoPreparation.There is no better place to launch and build a career in thelaw.Youwilldocrucialworkforhigh-profileclientsthroughout Asia at the forefront of the profession. This opens doors and gives you unrivaled experience that you will draw from throughout your career.

We prepare you like no other firm. Youworkdirectlywithsomeofthe most highly regarded lawyers inAsia.Youwillhaveaccessto the resources of one of the premierlawfirmsworldwide.Youwill have mentors, both formal and informal, at every level. We expose you to a broad range of matters, train you extensively and give you responsibility early.

“ I believe you get more out of the experience here. You go faster, deeper. The firm encourages you to do more, take additional steps, really understand the how and the why.”

Meng Lai, Associate

We prepare you to learn and develop as part of a dynamic team – partners, counsel and associates working together, across every practice and office. Collaboration is the bedrock of our culture. Nothing gets in the way of doing things right for our clients and one another.

Of Note

•Throughourtwo-yearTrainee Solicitor Program, young lawyers play an integral role on our deal teams right from the start. They work closely with and learn from our senior lawyers, experience a high degree of client contact

and have the opportunity to work for a period in our NewYorkoffice.

•Our10-personAssociateDevelopment team includes full-time knowledge management professionals in Hong Kong – this group

coordinates the more than 300 live and virtual training sessions available to our lawyers in Hong Kong and firmwide each year and oversees the mentoring and career progression of all of our associates.

Global.Davis Polk is a recognized leader worldwide and throughoutAsia.FromourofficesinAsia,ourlawyerswork on seminal matters across the region. They often do so in concert with their colleagues from our other offices in the United States and Europe.

three

Our Hong Kong lawyers travel extensively throughout Asia, working on cross-border transactions and assisting partners in pitching potential new business for the firm. The adjacent map details some of their travels over a recent three-month stretch.

With preeminent U.S. and Hong Kong law capabilities, we represent a broad cross section of China’s largest companies and SOEs, as well as major global financial institutions and multinational corporations that are active in the region and a growing number of emerging companies that are looking to become market leaders in China and around the world.

Korea

Several associates visited Seoul for a debt offering bytheKoreaFinanceCorporation and to deliver a new business pitch

Southeast Asia

Various associates traveled elsewhere throughout the region to advise on a broad array of complex corporate transactions involving companies in Thailand, Malaysia, Cambodia, Vietnam, Indonesia and Singapore

China

Multiple trips to Beijing, Shanghai,Fujian,Shandong,Guangzhou, Shunde, Changchun, Changxia and Heilongjiang for a variety of cross-border IPOs and other securities offerings by Chinese companies

fourTrajectory. There are many paths in and through Davis Polk. Whatever your path, Davis Polk offers an invaluable foundation and can be a springboard or simply the best place you could spend your entire career.

1 Youwillbeexposedtoarichvarietyofwork early on and, from day one, you will take a hand in charting your career.

Early Responsibility“Thepartnersandseniorlawyerswantyoutothink more, learn more, get more out of the work.FromthedayIstartedinHongKong,theyhaveencouragedmetotaketheinitiative.”

Support“Everyonehere,especiallythemostseniorpartners, is very willing to teach you and help you learn. They appreciate you. It’s not the typicalhierarchy.”

Training“Oneveryassignment,I’vehadtrainingthat was timely, relevant and really catapulted mydevelopment.”

Variety“EveryoneintheHongKongofficecanwork on every kind of deal. There are no barriers orsilos.It’sagreatlearningenvironment.”

Fromdayone

•DavisPolkalumnicanbe found in high-ranking business and legal positions at companies, financial institutions and regulatory bodies throughout China.

•ChristineChen,analumnawho spent nine years in our Hong Kong, Beijing andNewYorkoffices,isnow a client serving as a senior legal and compliance executive in Beijing at one of the world’s largest financial institutions.

Bonnie Y. Chan, Partner, and Alex Tao, Associate

fiveCharacter.Davis Polk is made up of people of substance –unique individuals who are not just intelligent and highly accomplished lawyers but who bring integrity, respect and varied backgrounds to their practice. Here, you work among exceptional colleagues – on teams that are routinely multi-disciplinary, multilingual and span the globe.

We have had a diverse workplace since before the term was in common use. Maintaining our dynamic mix of lawyers is an unending mission here. Diversity means many things at Davis Polk – gender and ethnicity, of course, but also place of origin, language, educational background, non-legal expertise, and interests and experience outside the law. Many of our lawyers have advanced degrees in other disciplines.

How We Rank

•40%ofourassociates and20%ofourpartnersare women.

•28%ofourlawyersareethnicminoritiesorLGBT.

•Ourlawyersspeakmorethan 50 languages.

•Working Mother magazine rates Davis Polk as one ofthe“50BestLawFirmsforWomen.”

•Wewantpeoplewithwide-ranging interests, experience and backgrounds. It makes for better teams, and makes

you a better lawyer and adviser to our clients. It also makes your life at Davis Polk more interesting and rewarding.

Peter Cheng, Associate

Character counts here. We seek out gifted people who are smart, collegial, engaged … and who are ready to go the extra mile to become exceptional lawyers.

“ I wanted to work among a group of outstanding lawyers on the most complex and interesting matters so Davis Polk was the place for me.”

Peter Cheng, Associate

Hong Kong BeijingTokyoNewYork Silicon Valley Washington DC London Paris Madrid

To learn more about Davis Polk, visit www.davispolk.com/careers/hong-kong

DavisPolk&Wardwell,HongKongSolicitors