China's billings recession
Layoffs hit HK law firms amid deal drought; provinces go begging to Beijing
What do you call a thousand lawyers at the bottom of Hong Kong’s Victoria Harbor?
A leading indicator of China’s gloomy economic outlook.
White-shoe corporate law firms in Hong Kong are laying off staff amid a deal drought from China. The Mainland was a cash cow for big firms when Chinese companies were busy tapping investors to buy their shares and bonds…