“We are reviewing our Russia-related portfolio”, Allen & Overy wrote in a statement posted on LinkedIn. “As a result, we will refuse new instructions and stop all Russia-linked work that goes against our values. We will, naturally, vigorously implement all political decisions and comply with applicable sanctions and rules.”
Allen & Overy’s statement is one of the most direct seen from a leading practice as firms increasingly come under pressure to speak out about Russia’s ongoing attack on Ukraine.
Earlier this week, UK prime minister Boris Johnson warned law firms to think carefully about working with state-controlled companies with ties to the Kremlin.
"The legal profession, everybody involved in assisting in those who wish to hide money in London and assisting corrupt oligarchs have been set on notice that their actions are under scrutiny," Johnson told parliament. "If they break the law, if they undermine the interests of this country and advance the interests of Putin's war machine, they will pay a price."
As of March 6, at least 364 Ukrainians have died in Russia’s unprovoked attack on Ukraine, while 759 are thought to have been injured. This is according to figures from the United Nations. However, it is expected that the actual toll is “considerably higher.”
