Cravath shuts its Hong Kong office

New York law firm Cravath Swaine & Moore beats a retreat from the Hong Kong market.

Cravath Swaine Moore told its staff and clients yesterday that it was shutting its sole Asian office in Hong Kong. The top tier New York firm noted in an internal memo that this has been a difficult decision but we believe our clients and the firm will be better served by concentrating our resources in our New York and London offices.

The decision will affect the two Hong Kong partners, Julie Spellman and Roger Turner, who will be returning to New York with Cravath in a few months. The firm also employs eight associates in the territory, some of whom will be returning to New York with the firm. Those associates who are...

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