Magic Circle law firm Allen & Overy has joined its Magic Circle rivals in vowing to wind down its Moscow office, as law firms from across Europe and the US pile out of Russia.
Allen & Overy’s decision to wind down its Russian operations comes after the firm first opened its Moscow office in 1993.
The Magic Circle firm currently employs 55 staff in Moscow as part of its Global Russia Practice, which employs 150 lawyers both in Russia and elsewhere.
In condemning Russia’s “illegal and senseless invasion of Ukraine” the law firm said it had the decision to close its Moscow office “was not an easy” one, as it said the winding down process would sit “in line” with all of the firm’s “legal, regulatory and professional obligations”.
Allen & Overy’s decision to exit Russia and close its Moscow offices comes as law firms from across the globe seek to distance themselves from Russia.
This week, one of London’s oldest law firms, Freshfields, dropped two Russian clients, including Russia’s state-backed development bank VEB.RF.
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