White & Case has become the latest international law firm to take steps to exit some of its Russian client relationships.
It comes as several Western-led firms review their ties to Russian state-owned clients as international outrage over Russia’s military strike on Ukraine builds.
“We are reviewing our Russian and Belarusian client representations and taking steps to exit some representations in accordance with applicable rules of professional responsibility,” the firm said in a statement on Tuesday.
A spokesperson for the firm added that the firm’s offices in Moscow remains open, and continues to operate: “We are complying fully with all applicable sanctions, and we continue to closely monitor this rapidly evolving situation.”
White & Case is an adviser to several major Russian state-owned enterprises, including oil giants Bashneft and Rosneft.
In 2016 it gained the top spot on Mergermarket’s M&A deal table for Russia after it advised on 15 announced deals in Russia, worth $18.9 billion in total.
On Monday, Baker McKenzie, Sidley Austin, and Washington D.C. firm Venable became the first firms to go public with announcements that they were severing some of their Russia ties. While Baker McKenzie did not specify the clients it would be parting ways with, Sidley named VTB Group, among Russia’s largest lenders, and Venable named Sberbank—the nation’s largest bank.
The same day, Linklaters, one of the most prominent international advisers to Russian state-owned companies, said it was reviewing its Russia-related work.