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Milbank has joined the list of U.S. law firms closing their mainland China offices, becoming the 14th firm to do so this year. This decision comes amidst a challenging landscape for foreign law firms operating in China, exacerbated by regulatory complexities and the shifting dynamics of China’s economic and political environment.
This movement follows a similar announcement made earlier this week by Paul Weiss, the oldest American law firm in China, which disclosed its plan to shutter its Beijing office.
Further details on Milbank’s closure and the broader implications for U.S. law firms can be explored in the original article.
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