How the economic crisis will impact on lawyers of Saint-Petersburg city //”Business Saint-Petersburg” - № 13 (4205) – 05.02.2015

The paper ”Business Saint-Petersburg” enquired for the impact of the economic crisis of the lawyers of Saint-Petersburg. Reputedly, the winners will be those who will reduce a price.

Maxsim Avrashkov, the managing partner of “Maxima Legal”:

It may be noted two main tendencies of market development of the legal services. Clients cut down spending and in the first instance, they cut down spendings on counselling services. In spite of the possible increase of demand in the legal services, companies are waiting for the “extreme case” or they try to decrease the suggested price to the uttermost. As potential clients are becoming more deliberate in their choice, a significant competitive position is coming forth for Russian firms – they can suggest a high service quality without essential margin for foreign brands.

The second tendency is characterized by the possible increase of reduction of legal blocks in the most attackable sectors of business – in a banking sector, in a financial sector and in a building sector. Changes can affect all companies – either medium-sized enterprises or big business. The difference can be noted only in branches: if important developers and building companies can stay afloat on the market, than a banking and financial sectors will undergo an essential change irrespective of sizes.

Pavel Goroshkov. How the economic crisis will impact on lawyers of Saint-Petersburg city //”Business Saint-Petersburg” - № 13 (4205) – 05.02.2015