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28
September
2011

VEGAS LEX is in the top three largest law firms in Russia

VEGAS LEX law firm was ranked third in "The largest law firms in Russia” nomination by the publishing house "Kommersant".

Annually the magazine "Secret Firmy" of the publishing house "Kommersant" reveals ratings of the largest law firms in Russia. This year VEGAS LEX compete against "Pepelyaev group", "Yakovlev and Partners", "Yegorov, Puginsky, Afanasiev and Partners", and many others. The rating took into account the number of attorneys in Russian offices, estimated annual turnover in Russia, and the number of partners.

Anticipating the sector growth of Russian law firms, Alexander Sitnikov, Managing Director at VEGAS LEX, says: "Sometimes it is appropriate to talk about the development of different areas in the legal business, sometimes it is not, because legal business is conservative. Let’s take tax and dispute resolution areas. They have been around for a long time and always will be there. So we can speak of relative stability. But, on the other hand, we can talk about the development of the segments associated with the cycles of the economy. For example, we witnessed a growth of a number of bankruptcies. Due to the fact that the economy came out of the crisis, now it sanitizes itself, becoming healthier and breaking up troubled companies.

VEGAS LEX wins the leading position in this rating for the third time.

VEGAS LEX was recognized in the following nominations for its achievements in 2011: in "Legal organization" by "Business - Leader" in 2010; the firm won the silver medal at the annual International Legal Alliance Summit & Awards (ILASA) in the category BEST RUSSIAN LAW FIRM in 2011; it become an award nominee by The Legal 500 EuropeMiddle East & Africa- 2011, European Legal Experts 2011, Best Lawyers 2011, International Financial Law Review 2011. The Firm’s active participation in law-making process brought the professional award of the magazine "Corporate Lawyer". VEGAS LEX was recognized as one of the winners at the VII Russian bond Congress as a result of the independent vote by CBondsAwards.

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