BLP Russia arm earns $23m in first year as gloom eases in local economy
Berwin Leighton Paisner's (BLP) Moscow arm has generated revenues of $23m (£15.3m) in its first full financial year as the firm moves to build up a local tax practice. The firm argued that the launch of the tax practice has been a major factor in building its local revenues after it merged with half of Russian practice Pepeliaev Goltsblat & Partners to become Goltsblat BLP in January 2009. The firm has grown its tax practice from two to 11 lawyers in the last 12 months. The move pitches the firm into direct competition with its legacy practice, which has relaunched as Pepeliaev Group and is regarded as one of Russia's top tax practices.
Firms hope for revival as Russia market stabilises after grim 2009
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651