Law Firms Reevaluate Need for Universal Presence Amid Greater China Closures

The allure of a universal footprint, a banner to which many law firm leaders are drawn, is epitomized by the launch of A&O Shearman. With slogans like “Ready for anything. Anywhere.” and “Every need covered. Everywhere,” the firm displays its global ambition on its newly launched website. However, recent closures across Greater China serves as a poignant reminder that the dream of being omnipresent and omnipotent in the legal sphere can sometimes go awry. These incidents have cast doubt on the general belief that law firms need universal presence. More details can be found in the complete article here.