Hong Kong real estate burden prompts international law firms to rethink office expense

Hong Kong is the most expensive place in the world to rent an office, and with Freshfields moving to a less costly, up-and-coming area, other big law firms are set to follow

The cost of renting office space in Hong Kong, one of the most expensive office rental markets in the world, is beginning to take a toll on international law firms.

In December, Freshfields Bruckhaus Deringer will move most of its Hong Kong office out of the city’s prime financial district, known as Central, to an emerging business district further east called Quarry Bay.

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