Skadden Arps Slate Meagher & Flom

Russia

IFLR1000 Reviews

Financial and corporate

New York-headquartered international firm Skadden Arps Slate Meagher & Flom’s Moscow office was established in 1992 and often works alongside its other European offices. 

Focusses / specialisms

The firm is best known for its strong offering in equity capital markets and M&A in the Russian market, featuring among the best firms in the jurisdiction across both categories.

The firm is a strong player in the capital markets space and has a focus on equity work. The firm has a track record of acting on landmark mandates such as the first listing of a Russian company on the NYSE and the first listing by a Russian company on the Singapore Stock Exchange.

The corporate team is experienced advising on matters including acquisitions and joint ventures in sectors including retail, technology and transport.

Key clients

The firm’s clients include Firlibia Holding, Abiglaze, Eurasia Drilling Company, Amalgam Rail Investments, Geopromining Investment, and Renault.

Research period review: 30th edition (2019/2020)

During the research period, the firm was particularly active in the capital markets sphere. The firm acted for clients including issuers and underwriters on matters such as cross border and domestic listings, block trades, and bonds issues. Interesting work saw the firm advise on the recapitalisation programme of Avtovaz, the largest Russian producer of consumer automobiles.

Deal highlights: 30th edition (2019/2020)

Avtovaz recapitalisation

Cherkizovo Group MOSE follow-on offering

EVRAZ LSE SPO

Firlibia Holding $75 millionsale of a stake in PIK Group

Karlou $300 million Eurobond issue

 

Client feedback: 30th edition (2019/2020)

M&A

“Top-quality advice and problem-solving, reactive, and collaborative.    Dmitri Kovalenko is one of the most impressive lawyers with whom I have worked.”

“Working with Skadden is having the best of two worlds, as the firm offers an impressive network of international resources combined with local expertise. Partners are highly experienced working on sophisticated corporate matters and are able to handle the most strategic domestic and cross-border transactions. It's reassuring to know that they have the technical capabilities and organisational structure to overcome any potential problems. They are very up to date regarding market trends and what is happening in different industries which is reflected in their advice: they proactively bring tailored suggestions to us. The fact that they anticipate the client's questions and are equipped with solutions for different scenarios smooths our decision process.”

 

Private equity

“The first aspect I must highlight is the firm's ability to render advice that is totally tailor-made to the client's business. I'm very entitled to affirm this, as my experience with Skadden follows my pathworking within different sectors, and I always felt they were experts in each one of them. Their advice is never generic; it's always pertinent and in line with the most recent developments of the sector. Globally, Skadden has a proven track record handling these "new economy" technology issues, and the Moscow team is no exception, their support has been great. Another thing I value in the team is their concern in building long-standing relationships with clients. Their understanding of the company but also of my personal preferences is excellent, they know what I expect from them and deliver in accordance. This reveals great flexibility and care. In addition, I've worked with the same team there for a number of years, and this continuity enables the close relationship described previously. They often proactively approach me with suggestions for relevant training or just simply forward me articles, decisions, general info that could be of my interest, and I don't think this would be possible If they didn't take the time to get to know me.   Finally, the team has a well-deserved reputation in the market for solving the most complex of problems. They know how to navigate the system to always deliver a solution, independently of how tricky the matter looks at first.”