Nektorov, Saveliev & Partners has announces the restructuring of its business and its division into two areas of practice under separate brands in the framework of a common association.
One part of the firm, continuing to operate under the Nektorov, Saveliev & Partners brand and headed by Partners Alexander Nektorov and Marat Davletbaev, will focus on a full range of corporate investment services and transactional work under Russian and English law. The practice will also be supported by L&DR services and tax advice.
Partners Sergey Saveliev and Egor Batanov will work under the Saveliev, Batanov & Partners brand and will concentrate their efforts on complex high-value litigation, corporate conflicts, and dispute resolution matters.
"I believe that I, Sergey, and the partners have created an outstanding firm," said Alexander Nektorov in a statement released by Nektorov, Saveliev & Partners. "So why not give the market more and create two outstanding firms? Two brands will help us be more flexible in our decision-making, react more quickly to our clients' changing needs, and attract and retain the best talent."
"We concluded that the two strongest areas of our joint firm require slightly different development strategies and that the best solution is an association with separate brands," added Sergey Saveliev. "Our teams have worked together extensively. We remain friendly firms and will continue to collaborate on joint projects when it is in a client's interests."
In that same statement, Dmitry Timofeev, legal and corporate affairs executive with Rosvodokanal Group and a client of the firm, expressed his approval. "Alexander and Sergey are real market leaders, and I'm pleasantly surprised to hear of their new initiative. For me, as a client, a law firm has to have a clear focus. I prefer to do business with firms whose teams are most concentrated on their product. So I'm in favor of the new format and wish my colleagues success in implementing the idea."
Finally, competitor Andrey Korelskiy, Managing Partner of Korelskiy, Ischuk, Astafiev & Partners also expressed his best wishes: "I'm very glad to see that Alexander and Sergey have found a new formula for developing their business that keeps their teams intact and also preserves the good relations within the collective. I hope they can become a positive and successful example for the entire market to follow and that they are able to realize their potential under the new format.”