Biglaw
firms
are
continuing
to
leave
China,
closing
offices
there
left
and
right
—
and
this
firm
is
not
only
shuttering
one
office,
but
it’s
also
conducting
additional
layoffs
across
the
country.
As
noted
by
Law.com
International,
Skadden
is
calling
it
quits
in
Shanghai
and
parting
ways
with
lawyers
in
its
corporate
practice,
the
firm’s
main
practice
area
in
China.
These
moves
are
being
driven
by
“market
conditions.”
The
firm
offered
the
following
statement:
“Skadden
is
committed
to
a
strong
presence
across
Asia
and
to
serving
our
clients
in
the
region
with
excellence,”
a
Skadden
spokesperson
told
Law.com
International.
“We
continually
examine
the
scope
and
scale
of
our
practices
and
operations
around
the
world
to
ensure
that
they
are
aligned
with
our
clients’
needs
and
our
strategic
plans.”“Shifting
market
dynamics
have
led
us
to
the
decision
to
begin
winding
down
our
operations
in
Shanghai
and
rescale
our
China
corporate
practice.
We
will
continue
to
provide
outstanding
service
to
our
clients
from
our
other
five
offices
in
the
region.”
For
the
time
being,
Skadden
will
retain
its
offices
in
Hong
Kong
and
Beijing.
Those
affected
by
the
Shanghai
office
closure
have
been
offered
the
opportunity
to
move
to
one
of
the
firm’s
other
offices.
At
this
time,
it
is
unknown
how
many
lawyers
will
be
affected
by
the
corporate
layoffs.
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.
Skadden
to
Close
in
Shanghai
and
Make
Cuts
to
China
Corporate
Practice
[Law.com
International]
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
X/Twitter
and
Threads
or
connect
with
her
on
LinkedIn.
