Troutman Sanders has become the latest US firm to pull out of Asia, confirming that it will close its three offices across the continent by the end of May.

The firm – which in 2016 posted revenues of $490m, placing it 67th in the Am Law 100 – announced internally on Monday (22 January) that it will wind down offices in Hong Kong, Beijing and Shanghai by 31 May this year, ending its 21-year-old Asian operations.