2012 Herbert Smith Scholarship Scheme

1. 2012 Herbert Smith Scholarship Scheme

2. Our Greater China clients and work • PRC state-owned and private enterprises, investment banks and multi-national corporations doing business and investing in Greater China • Capital markets group specialises in equity, debt issues and Hong Kong Stock Exchange Listings by Chinese and overseas corporates • China Investment Group advises on inbound investment work including joint venture establishment, financing transactions and development projects • A leading dispute resolution practice that provides overseas and Chinese clients with access to world class international disputes capability • Leading cross-border M&A practise combines in-depth understanding of the regulatory and political landscapewith our cross-centre teams to advise on major complex inbound and outbound acquisition.

3. Our brand – one of the top tier international firms in Asia International Arbitration - Firm of the Year Litigation/Dispute Resolution - Firm of the Year Law Firm of the Year: Asia (regional firm), 2010 Dispute Resolution Law Firm of the Year, 2006-2011 First tier Capital Markets (Equity), Asia, 2009-2010 First tier Capital Markets (Equity), Hong Kong, 2008-2010 Litigation Team of the Year, 2007, 2009, 2010

4. Top 100 employers 2011 Star Performer Network Group 2011 Stonewall Best client training initiative awards Legal Education & Training Group Awards 2010 Investing in Volunteers for Employers (IiVE) UK Volunteering Forum Winner of general innovation and CSR categoriesRunner-up for human resources innovationFinancial Times Innovative Lawyers Special Report Our market recognition Pro Bono Team of the Year The Lawyer Awards 2011

5. Energy & Natural Resources – Firm of the Year Asian-Counsel, 2010-2011 Litigation & Dispute Resolution – Firm of the Year (Hong Kong) Asian-Counsel, 2010-2011 Ranked first tier for two consecutive years in Project Finance, Hong Kong Firm of the Year IFLR, 2010 -2011 Ranked first tier for three years in Capital Markets, China – Foreign Firm IFLR, 2008-2009 and 2011 Ranked first tier for four consecutive years in Capital Markets – Equity, Hong Kong IFLR, 2008-2011 Ranked first tier in Competition/ Antitrust, Hong Kong IFLR, 2011 Ranked first tier for four consecutive years in Capital Markets: Equity, China/Hong Kong Chambers Asia, 2008 -2011 Ranked first tier for three consecutive years in Arbitration (International), Asia Chambers Asia, 2009 -2011 Ranked first tier for three consecutive years in Financial Services: Contentious Regulatory, China/Hong Kong Chambers Asia, 2009 -2011 Ranked first tier for two consecutive years in Energy & Natural Resources, Asia Chambers Asia, 2010 -2011 Ranked first tier for two consecutive years in Energy & Natural Resources, China/Hong Kong Chambers Asia, 2010 -2011 Ranked first tier in Corporate/M&A, Asia Chambers Asia, 2011 Ranked first tier for eight years in Regulatory, Hong Kong Asia Pacific Legal 500, 2003-2007 and 2009-2011 Ranked first tier for eight consecutive years in Corporate (including M&A), Hong Kong Asia Pacific Legal 500, 2004-2011 Ranked first tier for five consecutive years in Insurance, Hong Kong Asia Pacific Legal 500, 2004-2008 Dispute Resolution Law Firm of the Year ALB Hong Kong Law Awards, 2010-2011 Our awards and accolades

6. Some of our key clients in Asia

7. Practices and specialisms in Asia • Corporate • General corporate advisory • - Equity & debt capital markets • - M&A • - US Securities • Debt capital markets • Private equity • Energy • Projects and project finance • Banking & finance • Restructuring and insolvency • TMT • Contentious • Disputes • - Arbitration • - Litigation • - Alternative dispute resolution • Financial services regulatory (FSR) • Employment • Competition • Construction • Public International Law (PIL)

8. Trends • China outbound M&A, particularly in the energy and natural resources sector • Growth in international arbitration • Continuing FDI in mainland China including onshore M&A • Focus on high-quality, specialist, complex matters • Prospect of significant growth in Asia fuelled by China, India, Japan, Korea and SE Asia – especially Indonesia

9. Becoming an international lawyer - Hong Kong Solicitor 1st year (Sept 2012 – Jun 2013) GDL course in England Pass all the *Hong Kong PCLL conversion exams on or before June 2013 2nd year (Sept 2013 – Jun 2014) PCLL course in Hong Kong 3rd & 4th years (Sept 2014 – Aug 2016) • Trainee solicitorship with Herbert Smith, 4 six-month seats, Salaried at international levels • Usually: • 2 seats in Hong Kong, 1 seat in London, • 1 seat in mainland leading to qualification as a Hong Kong solicitor

10. The Hong Kong PCLL Conversion Examinations (1) Conversion Examinations will be offered twice a year, January and June, in the following subjects: • Core subjects: Civil Procedure Criminal Procedure Commercial Law Evidence Business Associations • Top-up subjects: Hong Kong Constitutional Law Hong Kong Legal System Hong Kong Land Law We expect students to sit at least 2 conversion exams in June 2012, January 2013 and/or June 2013 to pass all eight subjects. Deadline for application to sit the June 2012 Conversion Examination: 15 April 2012

11. Scholarship benefits (1) • Stage 1 - GDL • Payment of all GDL fees • Monthly grant of £300 during GDL course (10 months) • Return air ticket to the UK • Funding of accommodation with meals (cost approx. £4,500) • Allowances: £500 start-up (cash) + £500 book expenses (against receipts)

12. Scholarship benefits (2) • Stage 2 – PCLL • Financial Assistance on preparing the PCLL conversion exams. Return flight tickets to Hong Kong Accommodation in Hong Kong PCLL examination fees Study Materials • Payment of all PCLL course fees • Monthly grant of HK$7,500 during PCLL (10 months)

13. Scholarship benefits (3) • Stage 3 – Training Contract • Salary – paid at same rate as all other Hong Kong trainees • As at September 2011, salaries for trainees are: • HK$45,000 (monthly salary for year one) rising to HK$47,000 (monthly salary for year two) Holiday • 22 days paid holiday per year (plus local public holidays) Medical, Life insurance & Disability Income Protection

14. Scholarship benefits (4) • Stage 4 – Post-qualification Salary – paid on same basis as other solicitors of equivalent seniority with variations based solely on performance. Holiday - 27 days paid holiday per year (plus local public holidays) Structured Training Program Medical, Life & Disability Income Protection insurances Notes: Qualified solicitors are known within Herbert Smith as “associates”. Associates qualify into a particular specialist practice area. Associate secondments to clients or between offices are common.

15. The qualities we are looking for • Intellectual excellence and legal ability • Ability to communicate clearly and concisely • Ability to work well with people from different backgrounds • Strong ethics • Commitment to working hard and taking personal responsibility • The ambition of having a long term career with Herbert Smith • Excellent language skills – written and spoken English & Chinese

16. Selection process • Application form with the latest transcripts 2. First interview with partners • 3. Second interview with partners

17. Q & A Session