The Four Generations of Ukrainian Law Firms: Shifting Competition in a Stagnant Market

Ukraine’s legal industry has been going through hard times for the past two years. In a recent market review published by Yuridicheskaya Gazeta, this was the most talked about issue. However, unlike most experts, I don’t think that the crisis is a result of the Revolution of Dignity, judicial reform, or any other extrinsic shock. The thing is, the market is in the middle of an identity crisis.

Dima Gadomsky🐸
2017 Sector Overview by Dima Gadomsky: CEO of Axon Partners

BTW, if you prefer reading this in Russian, please enjoy.

We see this identity crisis in every rebranding, split or merger, every scandal, and every legal startup. People in old law firms, they simply don’t get that expensive suits, hard stares, inane memorandums, bribes to judges and payoffs to in-house lawyers doesn’t add up to a business model anymore. But new law firms have not yet offered any alternative which is broadly acceptable to all kinds of clients.

Lawyers are by our own very nature reluctant to “rock the boat”, but here’s my views on Ukraine’s legal market in 2017. I promise not to spare any sacred cows.

Btw, you are welcome to read it in Russian.

For starters…

Ukraine’s legal market is only worth about $200 million per annum.

In February 2017, delo.ua, a popular online business periodical, published a list of the top Ukrainian law firms and provided the following figures:

“In 2014, by various estimates, the volume of the local legal services market was ranging from $500 to $700 million (UAH 12 billion), while in 2015, the figures dropped to UAH 5 billion”.

In December, Yuridicheskaya Praktika, a popular legal periodical, published a list of the top 50 Ukrainian law firms. Only a few of them provided information on their revenue. However, doing some simple math helps to get the figures: the 100 biggest Ukrainian law firms earned UAH 4.69 billion in 2017.

Apparently, the market volume remained at the level of 2016, which is 5 bln. Now do the math in USD.

Even taking into account that I’m not very good with numbers and that the figures that appear both in rankings and books may not be accurate, one thing is clear: the market is idle.

However, the most incredible ideas emerge when a market is going through hard times. And guess what, despite all the complaining and despair within the legal industry, I’ve managed to notice many great things going on. I wonder if you’ve noticed, too?

Ukraine’s Four Generations of Law Firms

Ukraine’s Four Generations of Law Firms

In March 2017, there was a “Generation Gap” panel during the Legal Services Forum sponsored by the Ukrainian Bar Association. I think that making a distinction between generations of law firms is a brilliant idea. I’m going to borrow it and use it for my unfair ranking.

For clarity’s sake, I should note that generation means not only the year when a firm was founded but also methods and approaches used by its team. You see, there are a lot of newly-established companies that talk a lot about their young and dynamic teams, but in fact, they offer services only some prehistoric animals would make use of. On the other hand, there are numerous companies that have been in business for three decades, but they still manage to move with the times and follow trends.

Generation One

These are the companies that established the local legal services market in the 1990s: Salcom, Konnov & Sozanovsky, Injurkollegia, ILF, Ryzhyi’s law firm, and other founding fathers. It’s been many years since anything happened or smelled like teen spirit in there.

Except perhaps, at the end of 2017, Kononov & Sozanovsky started to revive the company, hired a good PR person, and merged with Artex, a company owned by Sasha Molotai. I wonder how can they manage to leap forward a generation. No kidding, I want to know.

There is a reason that I did not include Vasil Kisil & Partners on the list. These guys have renewed the company a few times, made it through the second generation. I think that they will stay competitive in their third generation as well. Deloitte is another example of a company that’s keeping up to date and is making steady progress from generation to generation. In 2017, they arranged an in-house co-working space, gave the green light to working from home, and launched a dozen in-house startups. You can read more here.

Generation Two

First-generation companies made it through big crises and intergenerational conflicts. A lot of second-generation companies emerged as a result of such conflicts throughout the 2000s, including AstapovLawyers, Arzinger, Integrites, Lavrynovych & Partners, and others.

This generation learned from the previous generation’s experience, but as far as I can judge, they made the very same mistakes. These companies were run by a single leader or a bunch of them, while other lawyers, including partners, had to ask their boss if they could go to the bathroom. Do you think such partners are feeling much job satisfaction? Yeah, exactly.

There were some mergers, splits, rebranding, searches and seizures, high-profile scandals involving the government. That is to say, identity crises.

I did not include Sayenko Kharenko in my generation two list with full intent. They managed to become part of the cryptocurrency hype, announced rebranding at the end of 2017 and finally were shortlisted for FT Innovative Lawyers Awards. If you ask me, they’ve managed to get through their midlife crisis and will remain in the next generation’s top list.

A pic from Ukraine International Airlines in-flight magazine. Leman was just two years old at the date when this text was published.

You know, there’s something strange about Ukraine’s newly-launched law firms. Instead of demonstrating some fresh and innovative ideas and making a real difference versus the old-timers, they’re trying to mimic generation two law firms.

For example, these guys add some years to their experience by summing up their partners’ (and probably associates’) years of experience. I heard that some consulting expert has been advising to do so, but I don’t know who exactly, or what for.

Generation Three

For me, this is the most exciting cohort. Here we’ve got a lot of brand-new companies, so I could’ve made some subdivision, but I won’t: Redcliffe, Everlegal, Berylstone, Aequo, Brightman, Juscutum, and Pronin&Partners.

It is these guys who are biting off mouthfuls of the market that previously belonged to the founding fathers, while the latter are utterly absorbed in some infighting, closed-door deals, and scandals with crazy corruption-fighters. These new guys (at least, most of them) have been struggling to survive, so they invent things and generate ideas.

Chief Innovation Officer

Third-generation companies are, as a rule, innovative. It’s not just that they have billing systems and there’s a Skype ID indicated on their business cards. What I mean is they either produce or invest in innovative products.

Social Media Presence

There’s nothing more boring than posts published by first and second-generation companies like “Please find an article below by the managing partner of Dinosaur & Partners regarding the legal issues facing the production market under Draft Law of Ukraine №9999 “On Amendments to article 99 of the Law of Ukraine….; followed by a pic of the entire magazine spread that actually contains the article. No wonder these guys never get many likes. I believe that such posts get no more than 1k readers.

Unlike their forefathers, third-generation law firms have mastered Web 2.0 and have been using social media to their best advantage. For example, the newly-launched Berylstone (hardfork from Bilotsky, Pukalo & Partners) got over 2600 likes on their Facebook page in just a few weeks. So, they did better that Aequo with 2547 likes and managed to beat Sayenko Kharenko with 2349 likes. It’s not about how they ended up getting so many likes so quickly. The thing is, they understand how important SMM is.

Generation Four

What will these guys look like? We’ll see. But wait, I’ve got a couple of theories.

Theory №1: instead of law firms, there will be platforms, like Upwork or freelancer.com. In Russia, the best-known is pravoved.ru (you can read about it right here). In Ukraine, we’ve got a number of those as well. For example, DarwinLawyers.

Theory №2: Fourth-generation companies are going to be like Bot&Partners. Last year, they released a number of upgrades for their bot . Now it can draw up NDAs, agreements with software developers, and helps crypto-anarchists to get ready for searches and seizures.

Legal tech

Legal tech is a stepping stone. By using it, a law firm can jump straight to the next generation. I’ve been into this whole thing for a while now. There’s much hype, many great people and ideas, little money and definitely plenty of space for new players. In 2017, some projects with decent monetization and strategies were launched in Ukraine.

  • OpenDataBot. Thus is the best legal tech project on the market with the beat design, features, marketing and monetization strategies. It was launched by Andrey Horsev and Aleksey Ivankin in 2016. In 2017, there was a real breakthrough in the number of users. In 2016, they had a little over 4k users. For now, the number of users has reached 94k. 90k is quite an increase, right?
  • AxDraft. Yura Zaremba, an ex-Avellum associate, runs this project together with his brother. I first saw it a million years ago during pitching at the Legal Startup Crash Test. Back then, Yura was an associate at Avellum, but I was hoping that he would leave it for legaltech. AxDraft does some obvious things, i.e. it works to make drafting of standard documents automatic. Lawyers like to talk about automation of routine tasks. Those who are extra-smart promise to do a Word-template sometimes. It was Yura who did it, though: https://youtu.be/fCCe2gvA6dI
  • PatentBot. This is one of the first Ukrainian legal tech projects. It was carried out by Natasha Vladimirova (who is, imagine yourself, a patent lawyer), Valentin Pivovarov (who is a cool guy) together with Juscutum law firm. They say that this bot is registering trademarks. Honestly, I never used it, but I heard all shades of opinion about it. Recently, they launched trademark registration in the US and got their bot to ProductHunt, the US startup platform. On top of that, it took 12 hours for them to win 6% of Ukraine’s trademark registration market.
1% turned into 7% in less than 12 hours. It’s fast growth and a good result :)
  • Sud na Doloni. Translated from Ukrainian, it literally means “a court on the palm of your hand” or, in other words, within arm’s reach. This is a great tool that helps to search, study, and visualize court decisions. In 2017, its founders won a contest organized by Aequo and OpenDataChallenge.
  • #StartBusinessChallenge — launched by BRDO in September 2017. A Business Cases service at the PRO Platform for Effective Regulation (https://regulation.gov.ua/startup) — as they call themselves. Now it consists of 25 free online interactive manuals to help SMEs navigate the maze of governmental procedures to simplify starting and operating a business in Ukraine. Right now, BRDO is scaling the #StartBusinessChallenge to the regions, with local pilots already available for Vinnytsia, Mykolaiv and Chernivtsi.

Legaltech ecosystem

Here in Ukraine, we don’t have Silicon Valley or BigLaw with billions in turnover. However, we have IT startups and a bunch of small law firms which together equals some 250–300 people who are really into legaltech.

  • Kyiv Legal Hackers (Valentin Pivovarov, Denis Ivanov, Dima Foremnyi & Co)
  • Legal Startup Crash Test (Dima Foremnyi)
  • HiiL Innovative Justice (once again, Dima Foremnyi)
  • European Legal Tech Association (and, FYI, it’s me who represents these guys here in Ukraine).

By the way, I would name Dmytro Dima Foremnyi the person of the year in legal tech, but unfortunately I’m not authorized to hand out awards.

Law firms have been joining the ecosystem as well. In 2017, Aequo made a significant effort: they sponsored a contest for legaltech startups and awarded the winner (Sud na Doloni) EUR 20,000. In addition, here’s a list of those who managed to get in on the act as well: Vasyl Kisil & Partners, Marchenko Danevych, Juscutum, Sayenko Kharenko, Avellum, and finally, Axon Partners.

Sadly, there’s no such thing as local investors or business angels with a focus on made-in-Ukraine legal tech startups, and we don’t have any industry-specific incubators/accelerators here.

Agile, holacracy, and so on and so forth

Until last year, I thought that Axon Partners was the one and only Ukrainian law firm to accept a scrum philosophy. It turns out, our colleagues from Sokolovsky & Partners and Aleksandrov & Partners have been practicing scrum as well. But wait, there’s more: in 2017, I found out that at Pravoe Delo, a company based in Dnipro city, they were doing the holacracy thing, too.

Disgrace of the Year

It seems that tender procedures have always been a place for scheming and dubious deals, so I’ve never participated in any of them. This was the most epic fuckup of the year. It was not some small-time crook, but the managing partner with a global company Kinstellar who admitted that he deliberately indicated fees lower than the actual fees. Later he swore (lawyer’s honor, I guess) that he would not sign any contract based on such terms and conditions. As a result, the winning bidder (Vasyl Kisil & Partners) refused to close the contract. So, Kinstellar replaced them. Naturally, the question is, what about the promise not to make that contract? Well, it’s very simple: Mr. Schrodinger just deleted his post from social media.

There were many funny stories about tenders, but in my humble opinion, this one was the funniest.

Business Ethics

Lawyer-Man

The market has actually been changing for the better. How can I tell? Just to name a few, there is this Amazing Lawyer-Man, an online comic paper about lawyers, from which we learned about AstapovLawyers fuckup, the curious case of Lavrynovych & Partners and legal ethics, and other stories about corrupt lawyers.

The same thing happened in the IT market a couple of years ago. Some guys (actually, no one still knows who they are) created a real stir with ebanoe.it (literary means ‘fucking IT’) where they published some market insights and revealed the ugly truth about IT outsourcing. It was very popular among readers, but got only a few likes on Facebook. A couple of years later, even big law firms started to buy advertising space on this website.

I’m sure as hell that Lawyer-Man has a big future as well. We need another year to polish our skills for exposing cases of bad ethics in the legal industry. Plus, a little bit of self-irony won’t do any harm.

Who runs the Ukrainian Bar Association

A couple of years ago, I came across a Facebook post by Andriy Stelmashchuk (Vasil Kisil & Partners). He published a screenshot of a message from someone asking to take care of a certain business, or rather, make a deal with a court and get the client out of paying some UAH 4.5 million fine for tax evasion. The lawyer refused to engage in this dodgy business.

In 2017, Andriy Stelmashchuk was elected president of the Ukrainian Bar Association. Obviously, this is another step towards a “cleaner” legal services market.

The loser list

In November 2017, Yuridicheskaya Gazeta, a trusted newspaper for lawyers, ranked Ukrainian law firms based on their HR policies. The most exciting was the part where law students indicated a number of companies they did not want to work at:

Turns out, they made their choices based on what they’d heard from their friends and former employees of some companies. Another reason why they didn’t want to engage with certain law firms was their managers’ bad reputations. In addition, students said that they would not want to work at law firms that participate in dubious political projects and companies that neglect professional ethics.

Sadly, Yuridicheskaya Gazeta did not provide any actual loser list, but I remembered the loser list published by Delo.ua in 2016, so all I had to do is connect the dots.

This screenshot provides the list of the less attractive employers of 2016 among Ukrainian law firms, including Ilyashev & Partners, Lavrynovych & Partners, Eterna Law, and Integrites.

If you’re utterly surprised by this list, please don’t hesitate to contact me.

Business ethics as a competitive advantage

Any market is a tough place with little room for concerns like ethics. That’s quite true, but lawyers in Ukraine have been so corrupted that even colleagues from Russia take their hats off to our guys. People from business know what companies they should hire to get certain kinds of services. So, being honest and ethical may become a core differentiating asset.

There are law firms that used their zero tolerance towards unethical behavior and corruption as their brand identity, such as Vasyl Kisil & Partners and MarchenkoDanevych. On International Anti-Corruption Day, MarchenkoDanevych released a declaration against corruption and in support of professional ethics.

Workshops, conferences, and the like

It’s the IT people who organize supercool events. I took part in a number of meetups held in London, San Francisco, Moscow, Berlin, Zurich, and Paris. And guess what! The most interesting and useful meetup for lawyers was Minsk Legal Forum organized by Stepanovsky Papakul & Partners. I don’t know how they do it. It seems like there’s nothing extraordinary about this event. And yet, extraordinary it is.

My second-best pick is Kyiv Legaltech Hackathon, where lawyers had 48 hours to do prepare projects and then presented them. It was really exciting. And no one wore suits.

The Hype of the Year

Sure enough, it’s Ed Sheeran, Despacito, and spinners. All this stuff has nothing to do with Ukraine’s legal industry, though.

The year 2017 was marked by some weird words like blockchain, hardfork, and tokenization.

In September, Ilyashev & Partners announced that they accept bitcoins.

In November, the legal services promotion forum released a promo video featuring representatives from top law firms, such as ICF LegalВ, Konnov & Sozanovsky, and SayenkoKharenko. They confessed that they would happily accept bitcoin payments and told about their first-ever bitcoin experience.

In early December 2017, PwC announced that they had started to accept bitcoins.

Conclusions. Or rather, forecasts

I wanted to spice up this text with conclusions. Then, I couldn’t resist the temptation and ended up making forecasts. So, here we go.

For generation one:

  • Companies that have been trying to stay afloat will choose young managing partners (like Vasil Kisil and partners in 2015).
  • Those who kept younger partners away from the management process will split up, dissolve, and so on.
  • Partners will leave such companies and establish new ones that will compete with 2–3-year-old third-generation law firms.
  • Companies that do not compete, may merge. However, it won’t really help, unless they allow millennial partners to manage their companies.
  • Partners will be looking at legal tech, which is going to be hyped up. There will be a lot of marketing with some trendy words and a few investments in legal startups.
  • Some ugly truth: dishonest law firms won’t turn into honest companies on their own. However, their competitors, and perhaps, law enforcement agencies, are going to help them.

For generation two:

  • Third-generation law firms will be struggling to get a piece of the pie from second-generation companies. The latter will fault them for dumping, while the younger generation will fault the old-timers for bribery and corruption. Both will have a point.
  • Actually, business ethics, ‘No’ to cash-in-hand, and publicly available income statements are slowly but steadily moving towards becoming a competitive advantage. In 2017, people from Saveliev, Batanov & Partners, a law firm based in Russia, did not hesitate to show their P&L during the Minsk Legal Forum.
  • There will be even more mergers in this cohort. When it comes to second-generation law firms, what we have here is more companies with non-competing practice areas and more flexible partners ready to share, compared to second-generation law firms.
  • Mergers will be fueled by new companies established as a result of splits in second-generation law firms.
  • New legal concepts will appear. Bot&Partners introduced the concept of a product company on the local market, while Sayenko Kharenko introduced the concept of a new law firm. The odds are, legal out-staffing and outsourcing, among other things, will become popular.
  • Foreign firms are not going to enter our market. Remember, the size of our legal services market is only USD 200 million, which is just a year’s revenue for Osborne Clarke, which ranks 27th among UK-based law firms. However, chances are, foreign legal startups may hit the Ukrainian market, such as WonderLegal. These guys got to the Russian market. That’s when dumping will begin.
  • It’s quite unlikely that companies’ legal departments will try to start winning external business. But there is a precedent from Russia: in 2017, the legal departments of Sberbank and Megaphone (a mobile network operator) themselves entered the legal services market.
  • We will definitely see unfair rankings, bot-farms, and similar stuff that emerged with Web 2.0.

For generation three:

  • Legal platforms, contract builders, bots, and notaries using blockchain technology. They’ve been testing all this weird stuff in 2017, and will continue doing so next year.
  • Second and third generation law firms are going to invest and take over the fourth-generation companies.

Feedback, threats, and greetings from smart people

Aminat Suleymanova, AGA Partners

Screw it!

“Great Job! It’s just that I don’t really believe in mergers. Look, law firms have started to focus on certain areas and position themselves as boutique law firms. I mean, it’s you, AGA Partners, and some others. We’re making it clear that we’re experts in what we do. Clients are sick and tired of law firms offering a little bit of everything. I don’t believe in mergers in Ukraine because any merger is actually a takeover. To grab a big bite, one should have a big stomach. However, our market is way too small. We had to tighten our belts. Mergers were on the rise when money was falling from the sky, so people could expand their businesses and buy companies.”

Nazar Chernyavsky, Sayenko Kharenko newlaw firm

Hey, Dima, do you think this pic will do?)))

It seems to me that you’re absolutely right about the main trend. During a crisis, which we are currently going through, existing businesses have to change not only to stay afloat but simply to survive. At the same time, new companies, platforms, technologies, and phenomena have been emerging. Therefore, the legal services market has to change. I am not going to focus on those who are getting money from the public budget since if you’ve got the biggest client in the entire country, you don’t feel like you need to change anything. The only thing that can change for them is the identity of the inner circle. We are currently witnessing some really sweeping changes and exciting transformations in the global legal services market. At Sayenko Kharenko we believe that every crisis is, in fact, an opportunity, i.e. the opportunity to see things in a new light, to start doing something new, to change your work style after all. That’s how our newlaw concept appeared. That’s how we are going to face the challenges of the new economy. I believe that the new generation law firms should be more like tech companies, and they should develop their business processes in a similar way. What will soon become ancient history is bar associations and think tanks, where lawyers are simply trying to sell their hours using their reputation and cases won, where neither common goals nor values would bring them together. Instead, we are moving towards consumer culture, where people pay for specific products they really do need. Those who will be able to create marketable products are going to succeed, perhaps even in the global market (i.e. the digital world), while those who do not have the time or are not able to change, will go on selling their hours (just like illusionists that work at private parties).”

Andriy Stelmashchuk, Vasyl Kisil & Partners, says hi to all sticky-fingered lawyers

Allegedly, the dude on the left was fine about taking a selfie

Vladislav Belotsky, Berylstone

Initially, Vlad sent a nice photo featuring him and a birch-tree. Unfortunately, he changed his mind and asked to replace it with this boring pic.

“It seems that all that’s left of our founding fathers is the names of their law firms. Their brand names still work for them. The question is, what will you get in the end? Being a part of a vanity fair that sells awards for a song? Well, it doesn’t work anymore. In my opinion, it’s GOLAW and Vasyl Kisil & Partners that have been leading the way throughout 2017. All the rest do not seem to fit in the top lists they’ve been put in. Third-generation law firms are a pleasure to work with. No matter what, they try to do their best. They don’t need to invent anything extraordinary to stay afloat during a market decline. All they have to do is continue working really hard.”

Serhii Sviriba, EPAP Ukraine

Me: Hi there) Hey, I need your funny pic. Serhii: Okay, here we go. When you say funny you mean no suit, right?

“I do agree that we’ve been going through a crisis. It’s been ongoing not just for a couple of years. It’s been four generations in a row that we’ve been facing a crisis. The legal services market has already hit the bottom. With all those countless top lists, rankings, awards, and vanity fairs, people are unable to tell what’s really important. Do you happen to know any lawyers from abroad? How often do they post their pics from award ceremonies for lawyers? It’s our parochial mentality and cheap (or maybe not so cheap at all) vanity. High demand for all this stuff generates supply.

The thing is, we have a system-wide crisis as the legal profession is seriously ill. We’ve got numerous chronic diseases, such as moral degradation and extensive corruption. I imagine many of you are going to wonder what makes me think that I stand out from this rogues’ gallery. I don’t, unless I speak out against all those diseases. Let us side with the forces of good. There’s at least one reason why we should to it. There’s more money there! Recently, we carried out simple research and studied nearly 10,500 court cases from the times when the old guard was in charge of the system of justice. We tried to estimate the corruption element in 10,500 cases, 99% of these cases were “taken care of” in exchange for bribes. With the legal services market amounting to $200 million, the bribery market size would be the usual 10%, which is essentially $235 million (10% of those 99% cases) put in the pockets of corrupt judges every year. There’s no point in wasting so much money. Just think about it!. Our market could have increased by $235 million! If I were you, I’d give serious thought to siding with the forces of good. Take your cue from Marchenko Danevych, who were the first to speak out for the honest legal services market.”

Nikita Podgainiy, Bot&Partners

“Please send me your funny pic.” — “Oh man! That’s the funniest one.”

“2017 was a year of contrasts in the legal industry.

While some companies and teams are seeking to automate their business processes, most law firms haven’t yet managed to get the digital signatures and/or are still using counterfeit software, or haven’t got any convenient document management software.

This won’t do in 2018 because your more efficient competitors are going to be hard on your heels. If you’re determined to set a course for automation, here’s what you should do:

Step 1: Find a lawyer who’s really into modern technologies and law. It will be a real challenge, since such people are worth their weight in gold.
Step 2: Get your ducks in a row: 1) you either shoot the breeze, or 2) you keep your mouth shut. The advantage of the first approach is that you can talk nonsense and pass for smart guys. The second approach is not that simple. However, using it, you can really change your company.

Step 3: Use your resources. Human capital, first of all. Chances are, there will a top list of successful CIOs from the legal industry.

So, we’ve got so much work to do. Those companies that are unable to adapt, they should become extinct. Season’s Greetings!”

Borys Danevych, MarchenkoDanevych

Sorry if I’m being dramatic:)))

“They say that in every society, some are fighting to survive, while others are striving to develop. The same goes for the legal services market. You are driven by a survival instinct not only when you have nothing to eat, but also when you constantly lack for something (even being a multimillionaire). When you think only about your own well-being and want to get things here and now. When there’s no time to think about the common good. You seize the day since tomorrow may never come. But it’s a part of human nature. While development is not only about education, personal growth, and need for change. It’s whether you are ready to work for the common good, including for those with a surviving mindset. Development means that there’s something more than instincts, when values and ethics play the key role in decision-making.

In Ukraine, lawyers love to talk about compliance and fighting corruption. It’s one of the latest trends in Ukraine. However, most of them are involved in corrupt practices. Loose talks about charity and helping out good causes are another trend, while declaring income and paying taxes are not so popular. Partners keep talking about business ethics, but they are not ready to admit that offering kickbacks to legal counsels is absolutely wrong and unacceptable.

However, things are getting better. Technological advances give a boost to transparency and intellectual competition. Way to go! Eventually, technological advancements will encourage development of the legal market. The number of development-oriented players will be growing, too. More and more young lawyers don’t want to be associated with corrupt legal market players. Eventually, people are going to realize that getting paid under the table is something totally humiliating. More and more lawyers won’t be taking any pleasure in winning court cases that have been “taken care of” (through bribery). This is a really cool article, and its main message is that tolerance to something that’s disgusting is actually disgusting. It seems to me, that’s exactly what Dima means. Sure enough, the ability to tell right from wrong is a great asset.

So, support those who want to change and those who are actually changing. Follow your heart, even if it’s not very good for your P&L, at least in the immediate term. You see, those driven only by survival instinct are currently going through hard times as well due to economic crisis. The share of development-oriented market, where business ethics are treated with respect, is definitely going to grow.”

Disclaimer

Before you beat the shit out of me, check this out. If I messed up, misinterpreted facts, offended you, or missed some key point, please feel free to contact me. No censorship. I’m going to read it, I promise.


If you’ve managed to get here, you either have a lot of free time or you really liked it. Either way, many thanks and remember that making predictions or commenting competitors may sound like this:

Dead Lawyers Society

Business. Law. Journalism

Dima Gadomsky🐸

Written by

Lawyerpreneur

Dead Lawyers Society

Business. Law. Journalism