Bloomberg Law
April 7, 2017, 12:02 PM UTC

Wake Up Call: Law Firms Revise China Strategy

• As once promising investments have failed to pan out with work and profits, some U.S. law firms are taking new looks at their China strategies. Faced with slowing capital markets, fewer acquisitions, and fee pressures, firms have downsized in Hong Kong and Beijing, while some have outright closed operations. ( Asian Lawyer via Law.com )

• In his first interview since getting fired by President Donald Trump, former Manhattan federal prosecutor Preet Bharara attributed his dismissal to the administration’s “uncertain helter-skelter incompetence.” One of 46 U.S. prosecutors fired March 10, Bharara also revealed that he and his aides got worried after Trump, after having asked Bharara to remain in his post in November, ...

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