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8 December 2008

Asters' Partner Speaks at the IBA Conference on Law Firm Management

Asters' senior partner Armen Khachaturyan spoke at a panel Mergers and Acquisitions of Law Firms: Strategies for Development of Independent Law Firms in Eastern Europe as part of the Conference "Law Firm Management" held on 4 December 2008 by the International Bar Association (IBA) in Moscow.

The conference's discussions were divided into four subject sessions focused on regulation of the legal profession, management issues, marketing, and mergers and acquisitions of law firms.

The panel dedicated to mergers and acquisitions discussed such matters as:

  • mergers completed: lessons and experience (Belarus, the Baltic States, Ukraine and the Netherlands)
  • post-merger integration
  • alternative strategies for manageable growth rather than mergers, and
  • merger vs. operational integration of law firms: short and long term perspectives

Armen Khachaturyan commented Asters' recent developments, including rebranding and acquisition of litigation practice and other developments in Ukrainian legal market. This year's conference "Law Firm Management" was organized by the Law Firm Management Committee and European Forum of IBA in cooperation with LegalStudies.RU. It brought together over 160 managers of leading law firms, professional consultants and journalists of specialized mass media from 18 countries.

When commenting the conference Mr. Khachaturyan said: "Leaders of law firms in the CIS and their international colleagues demonstrated the great wish to interact and share their managerial experience in the new economic environment. In the current difficult situation with global financial instability the conference has become especially useful for its practical look at the most efficient managerial techniques for business development and profit generation, cost optimization and non-financial motivation of personnel".

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