Wake Up Call: Big Law Offices on Philadelphia ‘Downsizing Tear’

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Big Law firm offices in Philadelphia have been on a “downsizing tear” in Philly’s Center City neighborhood since the Covid-19 pandemic took root. Eight firms recently have or soon will cut almost 500,000 square feet of space, including Dechert, Morgan Lewis, Blank Rome, BakerHostetler, and Fox Rothschild. (Philadelphia Business Journal)
• At least eight large, “red circle” Chinese law firms like Jingsh Law Firm and Han Kun Law Offices have opened offices in the US and other parts ...