Howrey exodus continues as Brussels partner defects to Covington

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  • Geradin is unlikely to be the last European to leave. Others are unhappy and may follow suit ...
    All partners will want to see their capital back. This will cause a cash drain, which in turn makes distributions more difficult, and is likely to trigger further departures.
    The perspectives for Howrey´s European offices are thus not good, even though they have been traditionally strong profit contributors. With Amsterdam gone and Brussels cut down to a fraction of what it was, some cash cows stop giving milk...

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