Wake Up Call: Big Law Flees Shanghai as Financial Activity Drops

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

• Latham & Watkins, Perkins Coie, Orrick, and Sidley Austin have each closed their Shanghai offices, or said they will close them, as “a dearth of financial activity and depressed business sentiment” forces the firms to reassess their presence in mainland China. In Shanghai, the impact has been “particularly acute” for the legal sector. (Financial Times)
• Atiba Adams has been named Krispy Kreme, Inc.'s next chief legal officer, effective June 25. Adams, who has a particular “expertise ...