(Photo by Kevin Frayer/Getty Images)
One by one, U.S.-based Biglaw firms are reducing their presence in China. Just days after a top 25 firm closed its office in Beijing, America’s compensation leader for large law firms has become the second one to close its doors in the city.
As noted by Asian Legal Business, Milbank will be shutting down its Beijing office, which was first opened in 2006. The firm becomes the 14th U.S. firm to shutter an office in mainland China this year. The firm shared the following sentiments on the closure:
“We remain very committed to Asia through our strong presence in Hong Kong, Seoul, Singapore and Tokyo, and will continue providing the highest-quality service to clients across all of our global offices,” Milbank told ALB.
Going forward, Milbank will maintain its Hong Kong office, where 21 legal professionals are employed, including seven partners and one of counsel.
Which Biglaw firm will be the next say zàijiàn to its offices in China? You can email us or text us (646-820-8477) if you have any intel. Thank you.
Milbank becomes 2nd U.S. law firm to shutter mainland office in a week [Asian Legal Business]
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.