Ashurst is suspending ties to its Russia state clients, as more firms join an emerging league of outfits to rethink their Russia ties.
The firm said that it will no longer accept instructions from “new and existing” Russian state clients, as international businesses come under growing pressure to address their ties to the Kremlin.
The firm currently counts Russian Railways and the Central Bank of Russia among its Russia major state-run institutions client base.
Hogan Lovells, which advises major bank Sberbank and oil giant Rosneft among other Russian enterprises , said it “is closely monitoring” the situation, which may result in “ceasing work where appropriate”, in a statement on Tuesday.
Meanwhile a spokesperson for Simmons said that the firm is ”carefully reviewing its Russian-related activities”.
Simmons has also set up what it calls a ‘New Russian Business Committee’, designed to “focus on matters related to Russia and Belarus”, it also said in a statement on Tuesday.
Several other law firms have issued announcements this week on the actions they are taking in light of the widely condemned war in Ukraine.
On Monday, Baker McKenzie announced that it was cutting ties to some of its Russia state clients and reviewing other relationships, while Sidley Austin and White & Case soon followed with similar moves. Linklaters, meanwhile, has said it is reviewing its Russia ties.
Firms that have so far remained silent on their Russia links include CMS, Clifford Chance, Herbert Smith Freehills, Freshfields Bruckhaus Deringer and DLA Piper, among others.