![]() In a statement, the firm said that it was “doing everything can to support and where possible will redeploy to work elsewhere. Other firms to have announced their exodus in recent days are Herbert Smith Freehills and Bryan Cave Leighton Paisner (BCLP).Īllen & Overy, which last year had revenue of £1.77 billion, has had a presence in Moscow since 1993, with 55 staff in the country. “In light of Russia’s actions in Ukraine and the resulting humanitarian crisis, and our consequent decision not to act for clients connected to the Russian state, we have concluded that maintaining a presence in Russia is not aligned with our values and therefore no longer viable,” the firm said in a statement. ![]() ![]() Petersburg, into the hands of its local partners to create an independent group with no ties to its former parent, a person familiar with the matter was quoted by the Financial Times as saying. The firm will transfer its Russian business, which includes around 200 staff and offices in Moscow and St. “Once Linklaters decided to close in Moscow it was immediately clear that others would follow,” Michael Evans, former EMEA communications head at Baker McKenzie, and now a director at legal PR agency Byfield, was quoted by Financial News as saying.ĭLA Piper, a UK law firm with a large presence in Russia, also plans to exit the country. Several major US firms and all four of London’s ‘Magic Circle’ law firms that have offices in Russia have announced their plans to end operations in the country, following Vladimir Putin’s invasion of Ukraine in late February.Īllen & Overy and Clifford Chance are the latest of the Magic Circle to pull out, following similar decisions by Freshfields Bruckhaus Deringer and Linklaters, which was the first major Western law firm to announce it was pulling out of Russia, on March 4.
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