The majority of firms have remained silent over their work with Russia, including firms that rank in the top five in revenues per lawyer such as Wachtell, Sullivan & Cromwell, and Kirkland.
These firms have consistently cited the ethical rules governing lawyer conduct as imposing limits on how far they can go to cut Russian ties. Some firms have promised to withdraw from existing Russian clients only to the extent “not prohibited by legal ethics,” while others havethat those rules may actually prevent them from ceasing work for clients not under sanction.
Although firms may desire to continue making money representing Russian clients, they should not hide behind the veneer of ethical compliance to justify their decisions to do so. To the contrary, lawyers covered by U.S. ethics rules have a professional responsibility to cut ties with Russian clients, sanctioned or not, that enable the Putin regime.
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