May 3 (Reuters) – Another major U.S. law firm is shrinking its footprint in China, as the tide of global firms that entered the Chinese legal market in recent decades has begun to reverse.
Chicago-founded 2,300-lawyer Sidley Austin said on Friday that it will shutter its Shanghai office, relocating staff and consolidating its China operations in Hong Kong and Beijing by September.
“We remain committed to offering a full range of services in the China market and our clients will not be impacted,” the firm said in a statement.
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