“Economic sanctions triggered the third wave of “import substitution” in Russia’s legal business, – large-scale exits of top teams from leading international law firms. A striking and successful example of this development is Rybalkin, Gortsunyan & Partners, a new heavyweight in the field of litigation and international arbitration, created in 2018 as a spin-off of one of the largest American legal practices in Russia (Akin Gump). This team is an obvious frontrunner for Russian Magic Circle status in terms of project level, profitability and headcount. Experts have dubbed them “The Russian Quinn Emanuel”, – the article goes on.
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