The ongoing trend of international law firms reducing their presence in China, notably by closing offices in Shanghai, shows no signs of abating. The latest to join this list is reputed global firm Orrick Herrington & Sutcliffe LLP. A spokesperson from Orrick confirmed on Friday that the company has decided to shut down its Shanghai office. The firm has also ended its lease contract in Taipei, Taiwan, further underscoring its retrenchment in the region.
Orrick’s move to close its offices in Shanghai and Taipei follows a growing industry trend. In the tightly competitive and increasingly regulated Chinese market, a significant number of multinational firms have chosen to scale back their operations.
Law firms often evolve their footprints to fit their long-term strategic goals and market dynamics. While some international law firms continue to commit to their China operations, others, like Orrick, are pruning their physical presence in the region as they adapt their strategies to changing market realities.
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