The latest firm to leave the golden city is Hogan Lovells.
Just days after Norton Rose Fulbright announced it was leaving the Czech capital, Hogan did the same. Both cited market conditions.
Hogan will leave the country this summer, shutting the office, which housed two partners, 12 fee-earners and 14 secretarial staff.
The firm said the decision to close the office came after reviewing the marketplace and changing their investment priorities.
According to CEO David Harris, “the partners in Prague understand the decision and are considering the possibility of the office becoming an independent local firm with an informal referral relationship with Hogan Lovells.
We will keep you updated.
