Hong Kong CNN —Dentons, the world’s biggest law firm by number of employees, is distancing itself from its business in China in response to intensifying regulation in the country.
The firm notified clients of the move this week in an internal memo shared with CNN Tuesday.
Dentons said that starting this month, its China unit would operate as a standalone legal entity.
Its China business operates independently under its Chinese name Hongshan.
Leaders of the Silicon Valley firm said at the time that it had “become increasingly complex to run a decentralized global investment business.”
Persons:
Hong Kong CNN — Dentons, Dentons, ” Dentons, Bain, “ who’s, ” Michael Hart, “, ”
Organizations:
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Locations:
Hong Kong, China, Dentons, ”, Shanghai, New York, Beijing, Europe, United States, India, Southeast Asia