Hogan Lovells to shut up shop in Prague

Hogan Lovells is to close its Prague office this summer following a strategic review of the market.

Hogan Lovells has been operating in the Czech Republic since 1991. The firm picked up its current Prague managing partner Miroslav Dubovsky when he defected from Clifford Chance where he had been head of corporate in the Czech Republic until 2001 (20 August 2001).

Dubovsky said global and local markets had changed since he joined Hogan Lovells. “We firmly believe that we have a good practice and that there are market opportunities that we can take advantage of, including working with Hogan Lovells in the future. We look forward to the new challenges,” he added.

Last month Norton Rose Fulbright announced that it would close its Prague office on 1 May 2014, following a review of the Czech market (23 April 2014).

Hogan Lovells global co-CEO David Harris said: “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 are very grateful to all of our people in Prague for their hard work over the years.”