Fri, Jun
71 New Articles

Severing Russian Ties: Debevoise, Dechert, Dentons, and CMS Announce Russian Exit

Severing Russian Ties: Debevoise, Dechert, Dentons, and CMS Announce Russian Exit

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Debevoise & Plimpton, Dentons, Dechert, and CMS have announced they are closing their Russian offices and exiting the market.

"Based on a careful review, we have decided to wind down our office in Moscow," a Debevoise spokesperson said informing that "current circumstances" have led the firm to conclude it is no longer tenable to operate in Russia and the firm will wind down its office in Moscow that was first opened in 1997. "We continue to hope for peace and an end to the violence in Ukraine," they concluded.

Dentons too announced it is to begin exiting Russia and separating from its offices in Moscow and Saint Petersburg, which will operate as an independent law firm. "This is a difficult decision which we have taken in full consultation with our colleagues in Russia in order to continue meeting our legal and ethical obligations," commented Dentons Global CEO Elliott Portnoy. "We have enjoyed more than 30 years of collaboration and friendship with our colleagues in Russia who bear no responsibility for this crisis nor for the circumstances that have led to this decision. Our hope is that at a future time we will be able to come back together when it is lawfully and practically possible to do so."

"We stand with the people of Ukraine and have done everything in our power to assist our Ukrainian colleagues, their families, and other civilians displaced by the war," added Dentons Europe Region CEO Tomasz Dabrowski. "We share the news of our separation process from our offices in Moscow and Saint Petersburg with deep regret.  We will support our 250+ colleagues in Russia in achieving a smooth and orderly transition in accordance with our professional obligations to our clients."

“We remain deeply concerned about the appalling situation and humanitarian crisis in Ukraine," a Dechert spokesperson said. "After careful consideration, we have decided to close the Moscow office. We thank our team for all their contributions and will support them through this transition, including relocation assistance where possible.”

"We have been through a lot during our 30 years in Russia," read a CMS press statement announcing that "a difficult decision has been taken by CMS to leave the Russian market," with the 80-strong local team to stay in Moscow and operate under a new identity to be announced later.

With the four, the total number of firms announcing or confirming their exit from the Russian market is now 22. The previously announced exits are:

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.