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Pillsbury Packs for Shanghai
Pillsbury Winthrop Shaw Pittman will finally be opening shop in Shanghai.
The firm announced Nov. 1 that after more than a year of waiting, its license to practice law in China was approved by the notoriously fastidious Chinese Ministry of Justice.
'Part of our strategy is to have offices in key financial centers in the world,' said Pillsbury Chairman-elect James Rishwain Jr. 'We have offices in London, Sydney, Tokyo and now Shanghai.'
With the opening of the new location, Pillsbury also announced that it would be closing the Taipei office it acquired as part of its 2005 merger with Shaw Pittman.
The Taipei office, Rishwain said, 'doesn't fit our overall strategy,' but he declined to elaborate.
While Shanghai, Beijing, Hong Kong, Tokyo and Singapore have become popular locations as many U.S. firms seek to expand their Asia practices, few have offices in Taipei.
'We felt that the best way to maximize our resources and expand our footprint in Asia was to focus on our Tokyo and Shanghai offices, as they are located in two of the world's biggest economies,' said Stephen Huttler, the firm's executive vice chairman.
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The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.