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Clifford Chance spins off Kyiv office as a ‘best friend’

Redcliffe Partners will have 'greater flexibility for investment'

8 July 2015

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Clifford Chance has announced that, from December 2015, its office in Kyiv will be established as an independent law firm operating as Redcliffe Partners.

All of the global law firm's current Kyiv-based lawyers and business services staff will transfer to Redcliffe Partners upon completion.

Under the agreement, Clifford Chance and Redcliffe Partners will enter into a 'best friends' referral arrangement.

In a statement, the firm said that the new set-up supports the strategic aims of both parties as Clifford Chance "looks to focus on its global strategic priorities". Redcliffe Partners will, in turn, have "greater flexibility for investment in developing a practice aligned with the opportunities and realities of the Ukrainian market".

Explained Clifford Chance's managing partner, Matthew Layton: "We have developed a very successful practice in Kyiv, with an excellent reputation and a highly regarded team which sees good opportunities for growth in that market.

"However, the firm has an ambitious new global strategy which is dependent on us strictly concentrating our investment and resources on our priorities.

"The new arrangement frees up the Redcliffe team to pursue exciting opportunities for further developing their client offer in Ukraine."

Redcliffe Partners will initially have three partners, Olexiy Soshenko, Dmytro Fedoruk and Yehven Deyneko, who currently head Clifford Chance's banking and finance, M&A and Antitrust practices in Ukraine.

Under the 'best friends' arrangement, Redcliffe Partners will have access to Clifford Chance's resources, including its know-how and training.

Soshenko will assume the role of managing partner at Redcliffe Partners.

Jared Grubb, Clifford Chance's current office managing partner in Kyiv, will continue to act as Clifford Chance's relationship partner for Redcliffe Partners. Grubb will relocate within the Clifford Chance network in 2016.

 

 

 

 

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Business development & Strategy International