Interesting snippet here – only Legal Week subscribers will be able to see the story but it appears that Australian firm Clayton Utz has decided to give up on Hong Kong – this trickle will turn into a flood we predict by years end
The teaser says they want to concentrate on local Aus market. But we imagine commercial rent costs, the snipping away by the mainland at the tenets of HK’s legal system and living costs for families have just combined in a perfect storm . Many other industries are suffering the same fate in HK at the moment
