Behind the Exodus of U.S. Law Firms from China (opens in new tab)

In early December, U.S. law firm Paul, Weiss, Rifkind, Wharton & Garrison announced plans to close its office in Beijing. In 1981, Paul Weiss became one of the earliest foreign law firms to open an office in Beijing, but it is one of the latest of a growing number of American and global firms to leave China or shrink China operations. In early December, Mayer Brown spun off its Hong Kong office. In October, Wilmer Cutler Pickering Hale and Dorr said it would close its Beijing office, and Skad...