Legal Business

Russian market beckons for Kennedys as others continue to ‘adjust’

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After several top 25 global firms cut backs their Moscow offerings last year, there have been signs of renewed interest in Moscow as Kennedys set up a Russian base last month through an exclusive arrangement with local firm and former Clyde & Co best friend CIS Advocates, while Chadbourne & Parke invested in a new managing partner.

Kennedys’ launch comes with the hire of former Clyde & Co Russian insurance practice head Constantin Saranchouk, along with an associate, and follows troubled markets in Russia across 2014 that saw a raft of firms scale back in the region due to international sanctions.