In July, international law firm Shearman & Sterling caused a stir with the hiring of Carmen Chang from Silicon Valley law firm Wilson Sonsini. On the US west coast Chang is one of the best-known lawyers for - amongst other things - her work with private equity and venture capital deals. As a native born Chinese, she also has a unique take on how 'The Valley' is looking at Asia and China at the moment. Her client list of leading VCs, investors, and investee companies built up over a 10-year period, has made the move to Shearman & Sterling with her. FinanceAsia.com talks to her and to Lee Edwards, the firm's resident partner in Beijing about the Chinese private equity market as seen through they eyes of Silicon Valley.