Allen & Overy is shutting its doors in Moscow, becoming the latest firm to confirm the future of its Russian presence.
The firm said in a statement on Thursday that the firm will wind down its office, adding that: “This was not an easy decision to make as we have 55 people there and we needed to make sure that we could take this action with their best welfare in mind. We are very grateful for their hard work over many years.
“We are doing everything we can to support and where possible will redeploy them to work elsewhere, in particular with other A&O offices as we continue to help those clients we can and choose to work with through this difficult transition period.
It added that the decision had “been made necessary by the illegal and senseless invasion of Ukraine and the ensuing humanitarian crisis.
”Our thoughts remain with all those in Ukraine and neighbouring countries who are most directly affected by this crisis.”
A&O opened its Moscow base in 1993 and the office currently comprises 24 lawyers, including three partners, according to its website.