companies and lobbied against legislation that would increase due diligence for foreign customers of American banks. According to the ICIJ, Baker McKenzie is "an architect of the modern tax avoidance system." The company has helped fraudsters, corrupt officials and elites in authoritarian regimes avoid taxes and hide wealth through the use of shell companies, trusts and complex structures in tax havens. The Pandora Papers mentioned Baker McKenzie more than any other major U.S. law firm – the leaks alone revealed that Baker McKenzie was involved in setting up more than 440 offshore companies registered in tax havens. Russia Baker McKenzie has described itself as the "go-to firm for Russia’s largest companies and major foreign investors." Baker McKenzie has represented Russian state-owned companies Gazprom, Sberbank, VTB Bank, VEB.RF and Sviaz Bank, and the arms-manufacturer Rostec. In October 2021, the Pandora Papers leaks revealed that company represented at least six sanctioned Russian companies. After Russia invaded Ukraine in February 2022, the company initially did not sever ties with Russian state-owned companies, but said it was "reviewing and adjusting our Russia-related operations and client work" to adjust to sanctions. In late March 2022, the company said it was leaving Russia. In 2016, Baker McKenzie worked for Rostec in selling shares in a Mongolian copper mine. The sale triggered a corruption investigation. In 2021, Baker McKenzie advised the Russian ministry of finance on a $1.8 billion bond deal. Ranking For the last seven years Thomson Reuters has ranked Baker McKenzie number one in the world by number of cross-border deals — more than 65% of the firm's deals are cross-border — and for the eleventh year in a row the firm was ranked first for deals with emerging market involvement, by both number of announced and completed number of deals. , it is ranked as the second-largest international law firm in the world by headcount with 13,000 employees including 6,076 fee earners and 4,700 lawyers on a full-time equivalent basis in 78 offices across 47 countries. It is the largest law firm in the United States by headcount. It is also ranked as the third largest law firm in the world in terms of revenue with US$2.89 billion in annual revenue in FY2018. It is the largest international law firm in Asia Pacific, Continental Europe and Latin America. In December 2016 and as part of a major visual identity change, Baker & McKenzie re-branded