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Dechert to Close Chicago, Hong Kong and Beijing Offices

International law firm Dechert is to close three of its offices—in Chicago, Beijing, and Hong Kong. In a statement, the firm said: “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.…

‘More Extensive’ Vetting: How Law Firms Are Picking Laterals

With the talent wars at an all-time high in Big Law, law firms are increasingly spending more time on vetting candidates, particularly in ensuring books of business, legal industry recruiters say. Overall, law firms are taking a month or more to vet partner candidates, they said. The process now entails…

Clifford Chance Dismisses Australia Partner After Misconduct Investigation

Clifford Chance has dismissed a partner in its Perth, Australia, office following an investigation into allegations of serious misconduct and has commissioned a review of its workplace culture. The firm said it immediately suspended the partner and launched an internal investigation as soon as it received the allegations. The investigation resulted…

Real Estate, Tech Investments Drive Borrowing Across Am Law 200

At least one quarter the of law firms across the Am Law 200 maintained some level of debt in 2023, with firms in the Second Hundred leading the pack. Over 71% of firms reporting debt last year fell into the Second Hundred, according to data collected through The American Lawyer’s annual surveys.…