ALRUD has achieved a leading position in the private foundations market research conducted by Pravo.ru

ALRUD has confirmed its status as one of the leading law firms in the sphere of private foundations: according to the research conducted by Pravo.ru the firm achieved band 1 recognition across all nominated categories.

Pravo.ru studied Russia's private foundations market for the last two years and ranked legal advisors based on three criteria:

Quantity of registered private foundations:

• ALRUD was ranked band 1 by the number of successfully executed private foundations establishment projects.

Total value of assets under management:

• The firm earned band 1 status reaffirming its expertise in advising on major transactions and supporting high-net-worth private clients (assets exceeding RUB 50 billion).

Advisors' specialization in this instrument:

• ALRUD has been recognized among the top advisors providing comprehensive legal support in establishment of and advisory services for private foundations from structuring and tax planning to assets and succession protection.

Experts note that the interest in private foundations in Russia is growing rapidly and clients' demands are becoming increasingly complex. In this fast-paced environment, ALRUD team continues to demonstrate the highest standard of professionalism and earn customer confidence.

Kira Egorova, Of Counsel at ALRUD Private clients practice, gave her expert opinion for the publication and told about key trends and challenges facing private foundations owners in today's Russia.

Kira highlights a significant increase in clients who seek not merely to transfer their assets to successors, but to establish a robust corporate and family governance model in advance. Such approach is especially popular among owners of large and dynamic business holdings including those with participation of several partners.

“In such projects, private foundations increasingly serve as a liaison between assets, successors and management team. The key conditions for successful operation of foundation is thorough preparation of constituent documents, establishing strong interconnections with corporate structures, compliance with corporate documentation and practical implementation of legal arrangements. These particular aspects largely determine assets management resilience across various scenarios - from generational change to force majeure events”, notes Kira Egorova.

The full research is available on the website.