Dechert LLP is the latest BigLaw firm to announce it is dissolving operations in Beijing and Hong Kong, and the Philadelphia-founded firm also plans to close its 12-year-old Chicago office, a Dechert spokesperson told Law360 Pulse on Wednesday.
“Following a strategic review of our office locations, we have made the careful decision to close our Chicago, Beijing, and Hong Kong offices around the end of 2024,” the firm said in a statement. “We remain committed to representing asset management firms, financial institutions, and companies on issues critical to managing their business and capital — from high-stakes litigation to complex transactions and regulatory matters.”
Dechert To Close Offices In Beijing : Strategic Shift in Asia
In Asia, the firm will continue to serve clients out of its Singapore office, the spokesperson added. This move underscores Dechert’s strategy to consolidate its presence in Asia by focusing resources on regions with the highest client demand and growth potential.
