The private funds sector has undergone radical change over the past few years. The decline in market liquidity during the recession and an increasingly strict regulatory environment has created a significant amount of uncertainty among investors and managers. Despite this, the cautious optimism observed in last year’s edition has turned into growth that promises the return of pre-crash figures in some sectors. In addition, the end of the AIFMD transitional period in July 2014 means that the industry can now get some traction, even if observers are still largely unsure how the market will evolve in this new environment.
In this section we single out 10 leading international firms, four highly regarded national firms and a trio of top-tier specialist firms who are considered the most significant players in the Russian legal market according to our research, which includes feedback from thousands of private practitioners and in-house counsel around the world.
David Aylen and Vladimir Dementiev of Gowlings take an in-depth look at recent patent law developments in Russia: "At least two giant steps towards further improvement were taken in 2013–2014. First, a new specialised Intellectual Property Court was formed and began sitting on 3 July 2013. Second, on 12 March 2014, amendments to the Patent Law were enacted."
Bill Bowring of Field Court Chambers and Professor of Law at Birkbeck College explores the nature of corporate responsibility in Russia and the country's status in the global economic order. "Despite privatisation policies and programmes since 1991, the Russian state still owns two-thirds of the market capitalisation in the Russian stock market."
For the second edition of this publication we feature 191 sports lawyers and 201 entertainment lawyers across 36 countries altogether. Once again DLA Piper emerges as the dominant firm with leading practitioners from six different jurisdictions. Bird & Bird features as a leading player in Europe, while Greenberg Traurig is particularly strong in the US. Reed Smith follows closely behind, delivering a pre-eminent transatlantic offering. A number of boutiques are also prominent, including the London-based sports firm Couchmans. We also select the most highly regarded individuals in the world, comprising the top five lawyers in the sports, gaming and entertainment fields, as well as the top five barristers at the UK bar.
With the benefit of over 18 years of research and tens of thousands of votes from clients and private practitioners, as well as hundreds of hours of interviews with legal professionals worldwide, Who’s Who Legal takes a closer look at developing trends in the sports and entertainment legal markets.
Telecommunications is fast becoming a dominating industry in Ghana. As operators continue to invest in high-speed networks and competition between mobile phone providers intensifies, the future for the communications sector is showing strong promise and we list five practitioners, an increase on last year, who are highly skilled in this sector.
Ghana is working towards a more sustainable public procurement system where public funds are spent on products, services or projects that achieve value for money over the period of a lifetime. Public procurement lawyers are adapting to this change and we list three leading experts, all from AB & David Law Affiliates, who stand out for their work in this area.
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.