Russian Legal Market Set for Boost With Gov’t Plan for Sale of $29bn-worth of State Assets
August 5, 2010, Legal Week

The Russian Government plans to reduce the country's budget deficit over the next three years by selling off $29bn (£18.6bn) of state assets. There is expected to be a corresponding increase in privatisation work in the Russian legal market over the coming months.

Eric Michailov, corporate head of White & Case Moscow, said: "It makes no sense for these companies to be 100% state-owned and shows a movement towards the free market that the Government has been talking about. If it all goes through it should spark a tremendous amount of legal activity."