11/7/2023 0 Comments Russian itunes top 100I’d say most are in the category you described but there are a couple, there’s one firm Norton Rose that’s actually made a pretty strong commitment. We don’t want to support that war effort.” That’s still helpful, I think in forming a norm or exerting some pressure on firms that do. A couple firms are like that although, even that’s, I think, valuable for firms to announce, “We’re not going to do business with Russian firms because of our opposition to Putin. If I’ve never done business with Russia, it’s pretty cheap for me to say, I won’t.ĭaines: So there are a couple. And of those 10, Rob, do you have any sense of how many or what percentage did business with Russian or that are saying, “Hey, we had this lucrative business with Russia and now we’re going to cut it off,” taking a strong moral stance and how many never did business with Russia anyway or is there a mix there?ĭaines: That’s a great distinction. My kids would call it, some of them weaselly, descriptions of what they plan to do so probably, 10 that have said, “We’re out and here’s the conditions and here’s why.”įord: Wow. And then there’s about a third of the law firms that have said something that might be described as ambiguous or carefully worded. But you’ll see that maybe 15 law firms have said something pretty clear about their commitment, most are silent. And actually, tomorrow we’re going to announce a similar list for the largest British law firms. And right now there are maybe four or five law firms of the top 100 US law firms that are clearly committed to a position like that. We’ve tracked whether firms have announced that they no longer will work for Russian clients or won’t work in the future for Russian clients. And as I look at the list, only a very few of the biggest law firms say, “We are willing to say, we’re not working for Russia.”ĭaines: That’s right. A lot of the British law firms and a lot of US law firms do a lot of work for Russian entities and oligarchs and banks and you see people all over the spectrum, some do it a lot and some do very little and are saying nothing about it.īankman: And Rob, you have a list somewhere and we’ll post this list for our viewers and listeners but the list is of the biggest law firms that you’ve polled and you’ve asked them what they’re doing. And the short version is we know something but not a lot. When I noticed that hundreds of big industrial firms and banks and accounting firms had announced that they were going to leave Russia and were no longer going to work for Russian clients and so I’ve been tracking what lawyers do. ![]() I started tracking public statements from law firms about what they were doing for Russian state entities and Russian firms after the invasion. And Rob, we’re talking about the role of lawyers post Putin’s Russian invasion of Ukraine and can you give us some background on that? And law firms are facing some distinctive moral dilemmas, they’re distinctive issues involving the practice of law and the way law firms are structured that make those issues perhaps, look a little bit different but nevertheless, they’re in most ways the similar kind of moral dilemmas that we all face with respect to this and that there many other businesses have faced with respect to continuing to do business in Russia.īankman: And today we’re talking with Rob Daines, a Pritzker Professor of Law and Business and Associate Dean and a Senior Fellow for the Rock Center on Corporate Governance at Stanford. And we’re talking with our colleague Rob Daines about what he’s doing to track what lawyers are doing, given the events in the Ukraine and Russia.įord: That’s right. So we’ve seen a lot of companies start to divest their business interest in Russia or stop doing business there in order to avoid supporting this war effort.īankman: That’s right, Rich. And another big moral dilemma involves people who are doing business in Russia and directly or indirectly supporting Putin and the regime that’s causing so much human devastation. I have friends that are doing work in Ukraine and I have donated money to their institutions to try to help refugees in Ukraine and try to help the situation there. Rich, a lot of us face moral dilemmas, large and small every day and one of the ones that’s come up, I think for me and many of us is what should we do about the war in Ukraine? Should we be donating anything, should we be volunteering, should we make our voices heard?įord: No, that’s right. Today, we’re talking with Rob Daines, associate Dean of Stanford Law School, about some of the law firms still doing business with Russia as a war with Ukraine continues. Rich Ford: From Stanford University and SiriusXM, this is Stanford Legal.
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