U.S. law firms have significantly reined in their ambitions in Russia over the last decade, but the fallout from the current Russian invasion of Ukraine is likely to test the resolve of those remaining players like nothing before.

A number of U.S. firms have already exited Moscow since Russia’s 2014 annexation of Crimea, leaving a core group with significant client relationships remaining. Roughly 20 Am Law 200 firms retain Moscow offices. But these firms are now likely to face reputational risks if they don’t reevaluate their presence in the country. Meanwhile, sanctions enveloping the Russian economy might make it impossible to continue business as usual, whether it’s conducting financial transactions or even getting paid legal fees.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]