Biglaw companies are wanting to get out of China whereas the getting remains to be good — or on the very least, consolidate their choices there — and the newest agency to take action is on the tippy prime of the Am Regulation 100.
As first reported by Law.com International, Weil Gotshal has already closed its Beijing workplace and is considering calling it quits on its Shanghai workplace as properly. Listed here are some extra particulars:
In accordance with an administration workers member who works in Weil’s Hong Kong workplace, the agency ceased operations in Beijing late final 12 months. In Beijing, the agency didn’t have any resident companions and its workplace closure meant that its two attorneys, one counsel and one affiliate, had been let go. Weil launched that workplace in 2008.
A spokesperson from Weil provided the next assertion on the agency’s proposed closure of its Shanghai workplace, which was first opened in 2004: “The agency is engaged in discussions on the workplace in Shanghai with a view to consolidating its Asia operations by way of the Hong Kong workplace. We will probably be understanding the small print within the coming months, however we stay devoted to our award-winning Asia follow and to offering prime service to our shoppers within the area.”
Weil’s Shanghai workplace is dwelling to 2 companions and 5 different attorneys, whereas its Hong Kong workplace has 22 attorneys, together with 5 companions. The agency reportedly declined to touch upon various employment preparations for its Shanghai attorneys, ought to the workplace be closed.
Which Biglaw agency would be the subsequent say zàijiàn to its places of work in China? You’ll be able to email us or textual content us (646-820-8477) in case you have any intel. Thanks.
Weil Gotshal Shutters Beijing and Mulls Shanghai Closure [Law.com International]
Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any suggestions, questions, feedback, or critiques. You’ll be able to observe her on Twitter and Threads or join along with her on LinkedIn.
