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Kiev’s Independence Square

Law firm combinations continue to occur at a record-setting pace stateside, but last week a deal finalized overseas demonstrates how geopolitical tensions can change the business relationships that keep some firms together.

On Oct. 1, Kiev, Ukraine-based Asters finalized a deal it had announced in mid-August to acquire the Ukrainian operations of Egorov Puginsky Afanasiev & Partners (EPAP), one of Russia’s largest law firms. The combination, which required the late September approval of Ukraine’s Antimonopoly Committee, increased Asters’ head count to 140 lawyers (26 of them partners) and made Asters the largest firm in Ukraine, according to the firm.

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