Shortly after the news broke that A&O Shearman would be shutting down its South Africa office, Hogan Lovells has announced it will close three global offices in the coming months.
A&O Shearman is set to cut 10% of its partnership, close its South Africa office and end its consulting business, in the firm’s first major reorganisation since it completed its merger this May.
Charles Avery reports on the firms taking a stand as sanctions bite
When news broke that Russia had invaded Ukraine, international law firms looked on in horror at the events unfolding and found themselves in the same predicament as just about every other major corporate entity. Continue reading “Conflict prompts Moscow exodus for Global 100 firms as Ukraine crisis takes its toll”
Baker McKenzie, DLA Piper and Dentons have taken a different course to most international law firms, separating from their Russia practices and leaving independent firms behind, rather than closing the offices entirely as a response to Russia’s continued invasion of Ukraine.
All three firms operate under a Swiss verein structure, which enables the different offices to maintain financial and regulatory independence from one another and allows for quick mergers and demergers. Continue reading “Dentons, DLA and Bakers to sever ties with Russia offices as A&O and CC wind down”
Akin Gump, Latham & Watkins and Freshfields Bruckhaus Deringer are among the latest international firms to shut down or suspend operations in Moscow, as pressure to take action has mounted in light of Russia’s sustained invasion of Ukraine.
The news came after Linklaters and Norton Rose Fulbright announced their intentions to withdraw from Moscow in recent days. Continue reading “Akin Gump, Freshfields and Latham latest to withdraw in Moscow as mass exodus ensues”
Linklaters’ abandonment of its Moscow office in response to Russia’s sustained invasion of Ukraine has prompted peers to react, with many more likely set to follow suit.
Linklaters announced the move to shutter the Moscow office, which houses more than 70 lawyers, including 10 partners, on Friday (4 March). The firm said in a statement: ‘We will wind down our operations in Russia and close our Moscow office. We will continue supporting our people there in the process, doing all we can to help them transfer to new roles within Linklaters or otherwise.’ Continue reading “Linklaters renounces Moscow office as Russia attacks Ukraine and peers react to invasion”
