US law firm Dechert considering shuttering offices in Hong Kong, Beijing, say sources

Another one bits the dust

Yahoo News

U.S.-founded law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to scale back in Greater China, two people said, amid a prolonged capital market downturn and growing Sino-U.S. tensions.

Dechert has more than 20 employees in its Hong Kong office, 14 of whom are lawyers, including four partners, according to its website and one of the people. Its Beijing office houses only three lawyers, as per the website.

There are no other China offices listed on the global law firm’s website.