Wake Up Call: Norton Rose Tells Lawyers No Comments on Sanctions

In today’s column, Fried Frank nabs financial services team from Cadwalader; BakerHostetler, Cozen O’Connor, Haynes and Boone, and Fisher & Phillips posted revenue and profit gains for 2021; several more firms matched the Davis Polk pay scale for associates.

• Leading off, Norton Rose Fulbright is prohibiting its lawyers, in a “firm-wide ban,” from commenting on sanctions implemented against Russia over its invasion of Ukraine, according to a report. (The Lawyer) A Norton Rose Fulbright spokesperson told Bloomberg Law that the firm issued an internal note specifically regarding external comments on the sanctions, calling such notes “standard practice” where ...