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Berwin Leighton Paisner (BLP) is set to create an alliance with part of Moscow-based Pepeliaev Goltsblat & Partners (PGP).
PGP is set to split due to the firm’s name partners taking different views on the tie-up with BLP, according to Russian media.
A BLP spokesman confirmed that the firm is in the advanced stages of creating an alliance with name partner Andrey Goltsblat and several other partners.
“There are still some details that need to be finalised so further details will be announced shortly,” said the spokesman. “At the moment most clients would need an English law firm and a Russian law firm. We’re looking to create a one-stop shop for clients that need both Russian and English law.”
BLP said it was still committed to its preferred firms approach and is using this opportunity to strengthen its position within Europe, the Middle East and Asia.
PGP managing partner Sergey Pepeliaev told The Lawyer that Goltsblat was a minority shareholder in the law firm, with ownership of a 35 per cent stake.
Pepeliaev added that he personally holds 65 per cent and that the firm would be buying out Goltsblat.
“Three partners have decided to leave the company with Mr Goltsblat,” said Pepeliaev. “We'll continue to provide a full service, which includes still having a strong corporate practice, and we still maintain our position as Russia’s largest law firm.”
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