Twitter Logo Youtube Circle Icon LinkedIn Icon

Russia > Banking and finance > Law firm and leading lawyer rankings


Borrower side

Index of tables

  1. Banking and finance: borrower side
  2. Leading individuals
  3. Next generation lawyers

Leading individuals

  1. 1

Next generation lawyers

  1. 1
    • Vladimir Barbolin - Clifford Chance
    • Sergey Blinov - Allen & Overy Legal Services
    • Vadim Panin - Herbert Smith Freehills CIS LLP
    • Yuri Shumilov - Freshfields Bruckhaus Deringer

At Clifford Chance, managing partner Victoria Bortkevicha specialises in asset, trade and project finance, and has been notably active in the energy and infrastructure sectors. London-based Logan Wright is recommended for cross-border matters, and counsel Vladimir Barbolin’s expertise includes handling syndicated lending, insolvency and restructuring matters. O1 Group is a key client.

Herbert Smith Freehills CIS LLP’s team has ‘an in-depth understanding of financial processes’ and ‘a proactive and creative approach to unusual assignments’. Highlights included acting for Gazprom Pererabotka Blagoveshchensk on the $12bn construction, procurement and financing of a gas processing plant. Edward Baring heads the practice and Artjom Buligin is also a key figure.

ALRUD Law Firm’s ‘efficient and capable’ team assisted Mechel with a $500m restructuring of its debts to various creditors and advised Kopeisky Mashinostroitelny Zavod on a project financing arranged by Eurochem Usolsky Potash. Anton Dzhuplin heads the team, which includes Alexander Zharskiy.

The lawyers at Baker Botts L.L.P. provide ‘comprehensive, up-to-date legal advice’ and are ‘always ready to work to tough schedules’. Practice head Maxim Levinson is ‘a bright professional and a remarkably good negotiator’, and Konstantin Garmonin ‘provides excellent advice on complex issues’. The group advised En+ Group on a syndicated loan extended by Sberbank.

Freshfields Bruckhaus Deringer advises on all aspects of borrower-side finance including major project financing. Yuri Shumilov has notable expertise in structured finance transactions and debt restructuring. Mikhail Loktionov is the practice head.

Allen & Overy Legal Services’ team has ‘a tremendous commitment to its clients’. Practice head Stephen Matthews ‘makes every effort to understand the perspective of each party’, and Igor Gorchakov is noted for complex cross-border matters. Key clients include Rosneft and Jacobs Douwe Egberts.

Baker & McKenzie – CIS, Limited covers all Russian and English law aspects of complex, cross-border transactions. Practice head Vladimir Dragunov frequently handles securitisation matters and Simon Morgan focuses on loans and credit facilities.

CMS advised North-West Concession Company on the $2bn financing of the Moscow-St Petersburg toll road project, and also assisted Uralkali with its $1.2bn pre-export finance facility. Practice head Konstantin Baranov and Elena Tchoubykina, who has strong banking and capital markets expertise, are the key names.

Chadbourne & Parke LLP (Moscow)’s Andrei Baev focuses on major transactions in emerging markets, and Konstantin Konstantinov’s expertise spans secured financing, joint ventures and securities legislation. Highlights included advising a project company on a $3.5m power project financing.

At Egorov Puginsky Afanasiev & Partners, practice head Dmitriy Glazounov is advising the Agency for Housing Mortgage Loans on issues pertaining to project finance initiatives. Arkady Krasnikhin is an acquisition and asset finance specialist; his clients include Rusal.

King & Spalding LLP’s practice spans project financing, restructuring and regulatory issues. Sergey Komolov and restructuring expert Maya Melnikas are the department co-heads.

Akin Gump Strauss Hauer & Feld LLP frequently acts for corporate borrowers, assisting with project finance transactions in the oil and gas, mining and electricity sectors. Highlights included advising UTair on the successful $809m refinancing of its debt portfolio, and assisting Lukoil with a $1bn project financing. Dmitry Shiryaev is the key practitioner.

Dechert Russia LLC advises multinational corporations and financial institutions, as borrowers, on obtaining cross-border and acquisition financing. Laura Brank heads the practice. Mechel is a key client.

Gide Loyrette Nouel Vostok’s range of expertise covers corporate finance, trade finance and pre-export transactions. Tim Theroux advised Sistema on two term-loans totalling $350m provided by Bank of China, and also assisted Evraz NTMK with the replacement of a guarantor under its €165m facility. Acron is another key client.

The ‘professional team’ at Goltsblat BLP, the Russian practice of Berwin Leighton Paisner has a strong client base of corporate borrowers. It advised CityJet on the financial documentation for the delivery of 15 SSJ-100 aircraft from Sukhoi. Other key clients include Raven Russia, Sibur and Uralkali. Oleg Khokhlov heads the team.

Liniya Prava Law Firm handles syndicated lending, trade and project finance, and frequently advises on foreign financial products in the Russian market. Andrey Novakovskiy heads the practice and Oleg Bychkov is also noted.

At Noerr, key figures Vladislav Skvortsov and Stefan Wolfgang Weber have ‘a business-oriented approach’. Raven Russia, Rusagro and State Transport Leasing Company are clients.

At Pepeliaev Group, practice head Igor Marmalidi advises on banking and securities regulations, corporate finance and international investment. Ivan Khamenushko is the key contact for tax-related matters.

Lender or arranger side

Index of tables

  1. Banking and finance: lender or arranger side
  2. Leading individuals
  3. Next generation lawyers

Leading individuals

  1. 1

Next generation lawyers

  1. 1
    • Vladimir Barbolin - Clifford Chance
    • Sergey Blinov - Allen & Overy Legal Services
    • Nikolai Kurmashev - Linklaters
    • Vadim Panin - Herbert Smith Freehills CIS LLP
    • Yuri Shumilov - Freshfields Bruckhaus Deringer

Victoria Bortkevicha heads the practice at Clifford Chance, which recently advised Bank Austria on a $350m syndicated pre-export finance facility. Other key figures include cross-border finance specialist Logan Wright, who is based in London, and counsel Vladimir Barbolin, who is a key name for syndicated lending, insolvency and real estate finance.

Herbert Smith Freehills CIS LLP provides ‘solutions in difficult situations’. Edward Baring, Artjom Buligin and ‘excellent’ practice head Olga Davydava are the key names. Highlights included advising Société Générale on a $500m prepayment loan facility provided to Bashneft.

Linklaters’ practice head Michael Bott advised a group of lenders, including Cat Financial, IGN and UniCredit, on the $1bn restructuring of Mechel’s debts. The group is also advising Sberbank on amendments to a $1.8bn financing provided to Antipinsky Refinery.

Allen & Overy Legal Services’ team ‘shows a great commitment to deals and puts great effort into achieving deal closings’. Stephen Matthews, Igor Gorchakov and Ilya Dvorkin, who handles structured and asset finance matters, are the key names. Goldman Sachs and UniCredit are clients.

Baker Botts L.L.P. is ‘highly responsive and gives pragmatic advice’. Konstantin Garmonin, who has ‘excellent business sense and pays great attention to detail’, recently advised Gazprombank on the RUB15bn restructuring of a group of companies. Maxim Levinson heads the practice.

Baker & McKenzie–CIS, Limited is increasingly active in the hedge fund, distressed asset and private equity space. Vladimir Dragunov handles secured lending, derivatives and project finance. Simon Morgan is the other name to note.

Dentons’ ‘very responsive’ team has ‘great business acumen and industry knowledge’. Timothy Stubbs heads the practice, which assisted European Investment Bank with the €85m financing of Myronivsky Hliboproduct, and advised JBIC on a $75m loan to Sberbank. Andrei Strijak handles acquisition finance and insolvency matters.

Freshfields Bruckhaus Deringer advised VEB and Sberbank on the $2bn financing of the Moscow-St Petersburg toll road. Other clients include Gazprombank and Alfa-Bank. Mikhail Loktionov provides ‘quick and accurate advice’ and is ‘always available for discussion’.

Alexander Tsakoev is the key contact at Norton Rose Fulbright, which advises domestic and international lenders on major financings and transactions. Highlights included advising ING Bank, as part of a syndicate on international lenders, on a pre-export finance facility of up to $1bn.

White & Case LLC assisted a syndicate of lenders, including UniCredit, Société Générale and Rosbank, with a pre-export finance facility to PhosAgro. Other work included handling several major restructurings and advising on various regulatory matters. Natalia Nikitina and Maxim Kobzev are the practice co-heads.

ALRUD Law Firm’s Maxim Alekseyev recently advised Industrial and Commercial Bank of China (ICBC) on the $390m financing of a combined-cycle cogeneration plant. Alexander Zharskiy is the practice head. Sberbank is also a client.

CMS provides ‘quality service and good industry knowledge at reasonable costs’. Konstantin Baranov heads the department, which advises domestic and foreign banks on high-profile financing deals. Key clients include Sberbank and UniCredit.

Chadbourne & Parke LLP (Moscow)’s team has ‘deep expertise in the market’ and provides ‘prompt and accurate advice’. Konstantin Konstantinov, who has ‘a great ability to assess risk’, and managing partner Andrei Baev are the key names. The firm retains a strong client base of blue-chip lenders and has advised on several major financings.

DLA Piper advised Aareal Bank on the $154m refinancing of a loan facility provided to Istra, and acted for Credit Europe Bank on amending a construction finance facility. Vyacheslav Khorovskiy is the main contact and English-qualified Karen Young is also recommended.

Hogan Lovells (CIS)’s Alexander Rymko advised ING Bank on a $1.2bn syndicated loan facility provided to Uralkali, and assisted ICBC with a RMB4.8bn loan facility arranged by three major Chinese banks.

King & Spalding LLP advises on Russian and foreign banking matters, and frequently handles major financings across Russia and the CIS. Sergey Komolov and Maya Melnikas are the names to note.

Latham & Watkins LLP provides ‘excellent legal services, profound commercial understanding and good value for money’. Ragnar Johannesen has ‘deep knowledge of the Russian market’, and, together with Mikhail Turetsky, advised Sberbank on a RUB1.7bn credit facility provided to Concept Group.

Morgan, Lewis & Bockius LLP’s Grigory Marinichev is ‘a strong and responsible lawyer, who manages the team well’ and has ‘an excellent knowledge of trade finance structures’. Sberbank and Vnesheconombank are notable clients.

Orrick (CIS) LLC advised VTB Bank on the $300m acquisition financing of Hotel Moscow, operated by Four Seasons, and also acted for Sberbank and VTB Bank on a RUB70bn loan to En+ Group. Dmitry Gubarev is the name to note.

At Dechert Russia LLC, highlights included advising Eurobank Ergasias in several recovery and foreclosure proceedings in connection with a defaulted loan, successfully obtaining a €40m judgment in favour of the client. Laura Brank heads the practice.

Gide Loyrette Nouel Vostok recently assisted Commerzbank with amendments to Russian pledge agreements and provided English law advice to EBRD on a KZT2.2bn loan to Kyzylzhar Su. Tim Theroux heads the practice.

Areas of expertise at Goltsblat BLP, the Russian practice of Berwin Leighton Paisner include syndicated lending, restructuring, derivatives and project finance. The team advised ICBC on the operating lease of several aircraft to Transaero, and on Transaero’s subsequent bankruptcy. Oleg Khokhlov is the key name.

KIAP (Korelskiy, Ischuk, Astafiev and Partners, Attorneys at Law) recently advised VTB Bank on a RUB50bn securitisation transaction. Julia Osadchaya is the leading figure.

Liniya Prava Law Firm has ‘strong technical expertise’. Practice head Andrey Novakovskiy has ‘a good understanding of Russian and international markets’.

Noerr’s team provides ‘timely and succinct responses to queries’. Vladislav Skvortsov and Stefan Wolfgang Weber have ‘a business-oriented approach’; they advise major banks on restructurings, project financings and acquisition financing.

Pepeliaev Group represented Rietumu Banka in several bankruptcy cases. Igor Marmalidi heads the practice and Lidia Gorshkova has ‘excellent industry knowledge’.

Vegas Lex’s Alexander Sitnikov recently advised an international lender on two $1bn-plus inter-bank loans to Russian banks.

Interview with...

Law firm partners and practice heads explain how their firms are adapting to clients' changing needs

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Russia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases in Russia

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to