Clyde & Co is forging ahead with plans to open a new office in Moscow as it finalises details of its merger with niche aviation practice Beaumont & Son.
The firm’s senior partner Michael Payton told The Lawyer that preparations to open in the Russian capital were “well advanced”.
The new office will ex-pand the firm’s Russian expertise. Clydes opened its St Peters-burg operation, which practises under the name of Musin & Partners and is coordinated from London, in 1992.
As revealed by The Lawyer last week, Clydes is due to link up with Beaumonts on 1 July in a merger that will boost significantly the firm’s aviation expertise. Both merger partners see Moscow as an area of opportunity for aviation and insurance law, with natural resources also providing chances for growth.
Payton said: “It’s exactly where we want to be. It’s a growing aviation market, that’s for sure.” He added that the office will be formed organically rather than through lateral hires.
Beaumonts partner David Willcox said: “We have done a number of cases in Russia.”
The merger between Clydes and Beaumonts expands both firms’ international reach substantially. Beaumonts brings a Rio de Janeiro office to the mix, as well as adding to Clydes’ existing presences in Paris and Singapore.
Last year approximately 20 per cent of Clydes’ £104m turnover came from outside the UK.