Hogan Lovells plans Prague withdrawal
Hogan Lovells is following Norton Rose Fulbright in deciding to exit the Czech Republic this year.
Hogan Lovells plans to leave the country this summer, shutting the office which housed two partners, 12 fee-earners and 14 secretarial staff. Market conditions have been cited as the reason. The firm took the decision to close the office after reviewing the marketplace and changing their investment priorities. According to CEO David Harris: 'The partners in Prague understand the decision and are considering the possibility of the office becoming an independent local firm with an informal referral relationship with Hogan Lovells.’ Source: Legal Business
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