After an election viewed by many critics as rigged, and amid an economy in free fall, Baker McKenzie remains committed to its presence in Venezuela.

While Hogan Lovells confirmed Monday that it had shuttered its Caracas, Venezuela, office, established in 2005, international megafirm Baker McKenzie is staying put. It has been in Venezuela since 1955, when Caracas became the first office outside of the United States for the firm as it started to grow beyond its Chicago origins.