Simmons & Simmons Pulls Out of Russia

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Posted on November 5, 2009 at 1:11 AM


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Simmons & Simmons is leaving Russia only a little more than two years after opening its Moscow office. If the closure is approved in a vote this week, the firm will immediately start shutting the office down. The office head, capital markets partner Tony Smith, will relocate to London in December.

The firm stated that the global financial crisis was the main reason for the decision. Managing partner Mark Dawkins said: “"Our firm strategy is to build on our strengths and we had built the Moscow office around structured finance. We do not see activity returning."


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