A&O lays off four associates in Moscow

Allen & Overy has reduced the size of its capital markets team in Russia after international sanctions to the country hit the firm's workload.

Two senior associates and two more junior ones are leaving the firm. A spokesperson for A&O said: ''Following a review of our Russian business, we have decided to scale back our Russian law ICM (international capital markets) practice, consolidating it within our wider finance team. Regrettably, this is resulting in a small number of redundancies. This adjustment reflects anticipated demand for local capital markets advice in the foreseeable future. We remain committed to our business in Russia and to meeting the changing needs of our clients in this market.' Source:  Legal Business

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