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China: Cadwalader closing offices in China

 |  October 2, 2016

Cadwalader Wickersham & Taft is closing its offices in Beijing and Hong Kong, becoming the third major firm in the past 15 months to pull back from China.

In 2015, Fried Frank Harris Shriver & Jacobson closed its outposts in Hong Kong and Shanghai, while Chadbourne & Parke shut its office in Beijing that same year.

Some 25 lawyers, including four equity partners, will be affected by Cadwalader’s decision to shut up shop in China. The firm announced that its two offices in the country will officially shut their doors by year’s end.

The firm’s litigation and antitrust sections have been decimated by recent defections, with a significant winnowing in bankruptcy and other practice areas. Since the beginning of the year, at least 17 partners have moved to other firms, including some with significant business.

Full Content: Legal Week

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