Fried Frank Harris Shriver & Jacobson is set to close its Hong Kong and Shanghai offices, with the US firm announcing plans to shut down the bases by 30 June.

Employees at both offices are in discussions about possible relocations after chairman David Greenwald visited the region last week to tell staff about the planned closures. Fried Frank currently has four partners, eight associates, two of counsel and 18 staff in Hong Kong, while its Shanghai outpost has one permanent member of staff.