(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
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on Bluesky, X/Twitter,
and Threads, or
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with
her
on LinkedIn.