Russia and Ukraine: Happily single?
It was a grim morning in November 2008 when Andrey Goltsblat, managing partner of leading Russian law firm Pepeliaev Goltsblat & Partners (PGP), set out for one of the most difficult meetings of his 20-year career. Moscow was already deep in the grip of winter, the streets buried beneath inches of snow. But it wasn't the weather that troubled Goltsblat as he arrived at the firm's premises and headed to the office he shared with Sergey Pepeliaev, the firm's senior partner. Goltsblat had a dramatic announcement to make: he was leaving the business they'd spent the last two decades building together. And he was taking half the firm with him. Neither man will talk about exactly what was said in that meeting - Pepeliaev would only describe his reaction as "appropriate" - but it's safe to say that Goltsblat's news didn't go down well. In one fell swoop, nine partners and a full 70 lawyers - PGP's entire corporate practice and the firm's heads of real estate, dispute resolution and employment - left to join UK firm Berwin Leighton Paisner (BLP).
Russia’s top law firms say they aren’t interested in merging with any of their international competitors. But they face some difficult decisions about their future, says Chris Johnson
This premium content is reserved for
Law.com International Subscribers.
BENEFITS OF A SUBSCRIPTION INCLUDE:
- Customized news by region including UK, Asia, Europe, Latin America, Middle East, Africa, and North America
- Cutting-edge research such as UK Top 100, China 45, and Asia 50
- Get the inside track on the biggest breaking stories that delve deep into the issues behind the headlines
- Comprehensive coverage of the dynamic legal market from people moves to the major international jurisdictions
- Global view into how legal tech, business of law, in-house and regulatory environments are intersecting worldwide
Already a subscriber? Sign In Now