China risks the loss of additional US law firms as a struggling economy and domestic competition cause leaders to reevaluate where to deploy resources.
Orrick Herrington & Sutcliffe, Baker Botts, McDermott Will & Emery, Vinson & Elkins and Latham & Watkins have closed at least one China office since 2020. Foreign law firms with China offices fell to 205 in 2022 from 244 in 2017, according to an annual report of the Chinese Ministry of Justice.
“If things continue as they are, more middle-tier American law firms—especially ones with significant industrial client bases—will reduce their presence in China,” said Robert ...
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