U.S. law firms hasten retreat from mainland China

Dechert and Weil withdraw from second-largest economy

20240705N China US Law firms

U.S. law firms Dechert and Weil, Gotshal and Manges have plans to exit China. © Reuters

PAK YIU and ECHO WONG, Nikkei staff writers

NEW YORK/HONG KONG -- U.S. law firms rapidly scaled back their mainland China offices this year amid a growing list of challenges including a worsening capital market, structural economic problems and geopolitical tensions.

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