ANTITRUST ADVISORY LIMITED

What ANTITRUST ADVISORY LIMITED does

Antitrust Advisory LLC is a boutique antitrust law and economic consulting firm headquartered in Moscow with a regional office in Almaty, Kazakhstan, founded in 2015 (firmographic) and established in its current form around 2017 (per company history). It serves as a strategic partner for minimizing risks and responding effectively to challenges related to antitrust regulation, advising large international corporations and leading Russian companies on merger control, cartel and abuse-of-dominance defense, unfair competition, trade and distribution policy, and antitrust compliance. The client roster includes Yandex, SIBUR Holding, Procter & Gamble, M.video, Ottobock, Denview, and a coalition of hoteliers and restaurateurs in a precedent-setting matter against Booking.com; the firm has acted on landmark Russian M&A including the USD 3.725 billion Yandex.Taxi/Uber combination and the largest-ever merger in Russian petrochemical markets (SIBUR-TAIF).

The firm is organized around two coordinated practices. The Economic Practice provides market analysis, economic arguments for investigations, damage assessment, transaction justification, pricing analysis, data analysis, compliance analysis, and commercial and distribution policy development, with analytical reports signed by the head of the economic practice, Anastasia Shastitko. The Legal Practice covers compliance consulting, industry regulation, unfair competition and advertising disputes, transaction approval (including multi-jurisdictional filings), trade and distribution structuring, and litigation and dispute support at all stages of antitrust investigations. Underlying capabilities combine quantitative economic modeling and in-house data programming with deep familiarity in Russian FAS Russia procedures and Eurasian Economic Commission competition practice.

Revenue is generated through professional-services fees on project-based enterprise engagements; pricing is quote-based and not publicly disclosed. The go-to-market motion is partner-led enterprise field sales supported by referral-driven origination, with brand-building concentrated in legal directories (Chambers Europe, The Legal 500, Best Lawyers, PRAVO-300, Global Competition Review), industry conferences (Pravo.ru, Forbes, Kutafin Legal Cup, Eurasian Antitrust Forum), and academic contributions to ICLG Merger Control guides and Chambers Global reviews. The firm has expanded beyond Russia into Kazakhstan and is actively developing Uzbekistan, with cross-border mandates requiring antitrust filings in multiple jurisdictions.

Name

ANTITRUST ADVISORY LIMITED

Legal name

Antitrust Advisory LLC

Website

https://at-advisory.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Antitrust Advisory LLC is a boutique antitrust law and economic consulting firm headquartered in Moscow with a regional office in Almaty, providing integrated legal and economic advisory on merger control, cartel and abuse-of-dominance defense, unfair competition, and antitrust compliance to large international corporations and leading Russian and CIS companies.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Legal Services (5411)

SIC

Services-Legal Services (8111), Services-Management Consulting Services (8742)

akta.pro primary industry

Regulatory Compliance Advisory (BPAHAFAB)

akta.pro secondary industries

M&A Advisory (Buy-Side & Sell-Side) (BPAHAOAA), Cross-Border M&A Advisory (FSAEAGAH)

Keywords

• Antitrust consulting
• Competition law
• Merger control
• Regulatory compliance
• Economic analysis

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Legal Consulting Services: Professional services revenue from legal advisory on antitrust matters including merger control, cartel investigations, abuse of dominance cases, and compliance programs
2. Economic Analysis Services: Economic consulting including market analysis, damage quantification, and economic expert testimony for antitrust proceedings

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Antitrust Advisory Limited is a boutique law and economic consulting firm providing integrated antitrust and competition law advisory services. It combines an Economic Practice (market analysis, damage assessment, data analysis, pricing analysis, transaction justification, compliance analysis) with a Legal Practice (merger control, cartel and abuse of dominance defense, unfair competition, trade and distribution, litigation support, compliance programs). The firm serves major international brands and leading Russian corporations on antitrust investigations, merger filings, and competition policy matters.

Product overview

Antitrust Advisory is a boutique law firm offering integrated antitrust and competition law consulting services through two coordinated practices: Economic Practice and Legal Practice. The Economic Practice provides analytical services including market analysis, economic arguments for investigations, damage assessment, data analysis, pricing analysis, and transaction justification. The Legal Practice covers compliance advisory, industry regulation, unfair competition matters, transaction approval support, trade and distribution consulting, and litigation representation. The firm combines legal expertise with in-house economic analysis capabilities to provide comprehensive antitrust advisory services to clients including major international brands and leading Russian companies across consumer goods, pharmaceuticals, technology, and industrial sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Market Analysis
• Economic Arguments for Investigations
• Damage Assessment
• Approvals and Remedies
• Expertise
• Data Analysis
• Compliance (Economic Practice)
• Commercial and Distribution Policies
• Transaction Justification
• Pricing Analysis
• Litigation and Disputes
• Trade and Distribution Advisory
• Transaction Approval
• Unfair Competition and Advertising
• Industry Regulation Advisory
• Compliance (Legal Practice) Consulting on communication and cooperation with competitors, suppliers, distributors, and retail chains regarding participation in working groups and antitrust compliance matters, helping clients design business models within antitrust constraints.

Quantifiable outcome

• Successfully defended Ottobock against cartel participation charges - charges dismissed
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Kosta Legal (Uzbekistan)coreStrategic or Co-development Partner · 5 March 2025Jointly held practical conference on 'Competition regulation in Uzbekistan: trends, risks, and compliance' in Tashkent with support from Competition Policy and Consumer Rights Research Center of Uzbekistan. Both firms contributed presentations on competition law, compliance, and regulatory developments in Uzbekistan.
• Erlicon CG (Kazakhstan)minorStrategic or Co-development Partner · 13 May 2024Developed antitrust compliance for two major Kazakhstani oil companies NC KazMunaiGas JSC and PETROSUN LLP. First full-scale antitrust compliance policy experience in Kazakhstan including detailed trade and sales policies.
• NP UCSD (Association of Corporate Lawyers)coreStrategic or Co-development Partner · 24 July 2023Developed and presented 'Good Practices for combating counterfeiting on marketplaces' with participation of FAS Russia. Alexander Egorushkin led the working group developing anti-counterfeiting mechanisms.
• Centre for Competition Policy and Economy Research (Kazakhstan)coreStrategic or Co-development Partner · 12 October 2021Jointly prepared compendium 'Practice of the Eurasian Economic Commission and the Court of the Eurasian Economic Union on Competition and Antitrust Regulation for 2017 - 2021' with Eurasian Economic Commission. Evgeny Khokhlov wrote analytical review for the collection.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• ALRUD Law Firm: Leading Russian law firm with a recognized antitrust and competition practice advising international and Russian clients on merger control, abuse of dominance, and compliance. Direct competitor in the Russian antitrust boutique-to-mid-tier segment with overlapping enterprise client base.
• Egorov Puginsky Afanasiev & Partners: Major Russian full-service law firm with one of the country's strongest antitrust and competition practices. Competes for the same FAS Russia merger control and litigation mandates from major Russian corporates and international clients, but at greater scale.

Broad incumbents

• Linklaters: International law firm with a strong antitrust, competition, and merger control practice serving global clients on multi-jurisdictional filings. Competes for large cross-border mandates involving Russian and CIS counterparties.
• White & Case: Global law firm with a leading antitrust and competition practice handling major cross-border merger control filings. Competes for the largest multi-jurisdictional mandates, including those with Russian/CIS components.
• Dentons: Global law firm with one of the largest international footprints and an active competition/antitrust practice across CIS countries. Direct overlap on multi-jurisdictional CIS merger filings and competition advisory.
• Hogan Lovells: International law firm with a recognized competition practice serving multinationals on merger control and antitrust investigations. Competes for cross-border matters with Russian/CIS dimensions.
• Clifford Chance: Global law firm with a top-tier antitrust practice covering merger control, cartel investigations, and abuse of dominance matters. Competes for the same multi-jurisdictional matters and serves overlapping multinational clients with Russian operations.
• Baker McKenzie: Global law firm with an established competition/antitrust practice serving multinationals in Russia and CIS. Competes on cross-border merger control and cartel investigations, with significantly broader geographic reach and resources.

Emerging players

• RBB Economics: Specialist competition economics consultancy providing economic analysis for merger control, antitrust litigation, and damage quantification. Directly comparable to Antitrust Advisory's Economic Practice in scope and methodology.
• Charles River Associates: Global economic consultancy providing competition economics, antitrust litigation support, and merger analysis. Directly comparable to Antitrust Advisory's Economic Practice; Head of Economic Practice Anastasia Shastitko completed an internship there in 2018-2019.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/antitrust-advisory

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ANTITRUST ADVISORY LIMITED