1. LEGAL SERVICES IN RUSSIA Anton Sitnikov CIS Local Counsel Forum 29 June, 2006

2. © 2006. Pepeliaev, Goltsblat & Partners. All rights reserved. Market Overview: Diverse market players  ILF  Large western type managed/ structured Russian firms  Affiliates of Big 4  Advocate bureaus  Boutique consultancies

3. © 2006. Pepeliaev, Goltsblat & Partners. All rights reserved. Market Overview: Diverse approaches to client relations/ treatment  Different sets of services: -All legal services (including advisory and representation) -Representation only -Advisory only -Specialised representation and/ or advisory services (criminal, IP, tax, etc.) -Mix of other services (audit, strategic consulting appraisal, etc.)

4. © 2006. Pepeliaev, Goltsblat & Partners. All rights reserved. Market Overview: Diverse approaches to client relations/ treatment (Continued)  Different fee arrangements: -Hourly rates -Budgets/ Caps -Success fee -Retainer base -Combinations

5. © 2006. Pepeliaev, Goltsblat & Partners. All rights reserved. PG&P Overview  Largest law firm in Russia  200 employees including 120 attorneys  Offices in Moscow and St. Petersburg  Cooperation with world leaders: -Slaughter and May (UK), Ashurst (UK) -Hengeler Mueller (Germany) -Boekel De Neree (The Netherlands)  Hourly rates varying from $70 up to $450

6. © 2006. Pepeliaev, Goltsblat & Partners. All rights reserved. PG&P Practice Areas  Corporate/ M&A  Tax Advice & Tax Litigation  Real Estate, Land, Construction  Customs & Currency Exchange  Commercial/ Litigation & Arbitration  HR  IP

7. © 2006. Pepeliaev, Goltsblat & Partners. All rights reserved. PG&P contact details www.pgplaw.ru 12, Krasnopresnenskaya Nab., Entrance 7, World Trade Center- II, MOSCOW, 123610 Tel.: +7 (495) 967 0007 Fax: +7 (495) 967 0008 e-mail: info@pgplaw.ruinfo@pgplaw.ru Golden Shpalernaya Business Center, 54, Shpalernaya St., ST.PETERSBURG, 191015 Tel.: +7 (812) 333 0717 Fax: +7 (812) 333 0716 e-mail: spb@pgplaw.ruspb@pgplaw.ru