Global Powerhouse Firms Retreat From China

Law360, Hong Kong (June 24, 2015, 4:02 PM EDT) -- While all of the firms in Law360's Global 20 have outposts in China, several reduced their head counts there over the past year as law firms struggle to make a profit from practicing in the world's second-largest economy.

Of the 13 firms in the Global 20 that provided specific data on their numbers in the nation in both 2014 and 2015, eight firms cut back on lawyers in China, causing the overall head count in the country for those 13 firms to drop by 6 percent over the past year — a bigger dip than the firms on the Global 20...

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