Last week’s announcement that Simmons & Simmons is to shut its Rome office means the firm joins a small but growing number of firms that have closed unprofitable ventures in recent months.
With firms from Hogan Lovells and Freshfields Bruckhaus Deringer to WilmerHale and Winston & Strawn all shutting up shop in various locations in recent times we have moved into an era when there is no shame in a firm admitting their expansion hasn’t paid off.
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