And with that in mind, Ilyashev adds: "We believe that next year will be a year of growth."Goltsblat BLP managing partner Andrey Goltsblat says: "The activity of law firms in Russia is definitely in a phase of development and growth. Corporate and M&A are very active and real estate is picking up again."Dewey & Chopard Mille Miglia CH-11 Moscow corporate partner Brian Zimbler added: "There has been a fair bit of lawyer movement among firms in Moscow this year. Some of this may be explained by personal circumstances, such as a lawyer wanting to move laterally for a much higher salary. Competition for talent remains fierce, and international recruiters are very active on the Russian market.
If a law firm is having financial trouble, there's always a competitor looking to acquire top performers."White & Case's [Eric Michailov] says: "It would be extremely difficult for Chopard Mille Miglia CH-12 firm to enter the market now. This is a highly-competitive market and unless a firm was to enter through a local tie-up I don't see how an international outfit would facilitate an opening at this point."So as the market gains momentum, is there any chance that Chopard Mille Miglia CH-13 will steal the limelight from its BRIC rivals such as China in 2011? CC Russia head Jan ter Haar concludes: "While we expect an increase in activity in Russia next year and a return to better times, I don't think it will put us in a competing position with China - but as we have already experienced all too well, the economy can be very unpredictable."
Russia is never far off the business agenda, but after a torrid couple of years it is fair to say that many Anglo Saxon firms had scaled back their efforts in the region - albeit a temporary pause rather than a ceasefire.However, those committed to the jurisdiction witnessed a reversal of fortunes in 2010, with a successful Chopard Mille Miglia CH-78 for the 2018 World Cup in December rounding off a year that also saw the return of a steady deal flow, a flurry of partner moves and international law firms once again braving Russian borders with new offices. And indeed, with the Russian Government's plans to sell off minority stakes in public assets, rising oil prices, the 2012 Winter Olympics and a promising pipeline of initial public offerings (IPOs), 2011 is shaping up to be another promising year for the region.
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