Several major U.S. law firms are closing offices in key markets, including Beijing, Hong Kong, and Chicago, amid geopolitical tensions and economic challenges. Philadelphia-founded Dechert LLP announced it will shut down its Beijing, Hong Kong, and 12-year-old Chicago offices later this year. Armstrong Teasdale is also closing its London office and two U.S. offices, and will no longer maintain a direct physical presence in the UK or Europe. Eversheds is considering closing its Beijing office. These moves reflect a broader trend of law firms retreating from markets where they had previously expanded.