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Yakov and Partners
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Yakov and Partners is an international consulting company formed in 2022 through the sale of assets of McKinsey & Company CIS (the Russian subsidiary of McKinsey & Company) to its management. Its headquarters is located in Moscow, Russia.[3]
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History
Summarize
Perspective
In late February 2022, McKinsey & Company announced that it would suspend operations in Russia[4] but was willing to transfer all client accounts and pertinent paperwork to local partners upon completion of the deal. In May 2022, McKinsey & Company sold its Russian business to the local management.[5][6] The deal amount was not disclosed.[7] In August 2022, McKinsey & Company CIS was rebranded as Yakov and Partners[8][9] (the name change was one of the conditions of the deal).[10]
In 2023, the company initiated strategic partnerships with the Pushkin State Museum of Fine Arts, the Moscow Chekhov Art Theatre. In the same year, Yakov and Partners set up an industrial chair at the National Research University Higher School of Economics (HSE).[11]
In early 2024, the Graduate School of Management at Saint Petersburg State University partnered with Yakov and Partners to launch an educational program titled "Strategy and Consulting".[12] In September 2024, a long-term strategic cooperation agreement was signed with the Roscongress Foundation.[13] In October 2024, the company participated in a seminar for financial authorities of BRICS countries.[14] In November 2024, a long-term strategic partnership agreement was signed with the Federal Service for Labour and Employment (Rostrud).[15]
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Business model
The newly formed company brought together over 15 partners who had previously worked at the Big Three consulting firms, i.e., McKinsey & Company, Boston Consulting Group (BCG), and Bain & Company.[16][17] It now focuses on projects in the energy,[18][19] finance,[20][21] agriculture,[22][23] construction,[24][25] IT,[26][27] transportation,[28][29] logistics,[30] retail,[31][32] consumer goods,[33] metallurgy,[34][35] oil & gas industries,[36][37][38] and the public sector.[39][40]
Yakov and Partners provides services to a broad range of regional and international clients, including government agencies, international financial organizations, and cultural institutions.[41] The firm offers access to international databases as well as proprietary know-how and analytical tools.[40]
The company delivers projects in management consulting, including strategy development and implementation, operational and organizational excellence, change management, digital transformations, M&A, and turnkey business development. It facilitates business interactions between domestic and foreign companies and provides analytical support and expertise across BRICS.[40]
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Researches
- European energy balance in the new reality (September 2022)[42][43]
- Russian pharma 2030 outlook (October 2022)[44]
- Microelectronics in Russia: from shortages to technological independence (November 2022)[45]
- Russian consumer pulse wave 1: The new normal – 2022 (January 2023)[46]
- Is the future of payment systems set in stone? (February 2023)[47][48]
- Russian oilfield service industry: 2030 outlook (March 2023)[49]
- Barrier-free environment: sustainable business growth in a "mobile" customer era (March 2023)[50]
- In digital we trust: Russian mining and metals companies are ramping up investment (April 2023)[51]
- The Russian banking sector is gearing up for the new reality (May 2023)[52]
- The CEO barometer (June 2023)[53]
- Commercializing Russian gas reserves to make up for the lost exports (August 2023)[54]
- The prospects of traditional fuels substitution in Russia by 2030 (August 2023)[55][56]
- Digitalizing Russia’s agricultural sector: challenges and solutions (August 2023)[57][58]
- Coal industry overview: Russia’s export prospects through 2050 (August 2023)[59]
- Growth no more stagnation. Time for joint decision-making (September 2023)[60]
- The Impact of social trends on the labor market (October 2023, the study was conducted jointly with the online recruiting platform HeadHunter)[61]
- Five-year shortage (December 2023)[62]
- The future of Russia’s fashion market: belt-tightening or fashion without borders? (December 2023)[63]
- Artificial Intelligence in Russia — 2023: trends and outlook (December 2023, the study was conducted jointly with Yandex)[64][65][66]
- Who will benefit from digital rubles? (February 2024)[67]
- “National champions” in agriculture: when size does matter (April 2024)[68]
- The Arctic Zone of the Russian Federation: development prospects and risks (April 2024)[69][70]
- The window of opportunity 2.0: domestic agribusiness (April 2024)[71]
- IT graduates on the labor market: from quantity to quality (May 2024)[72][73]
- Generative AI regulation (June 2024)[74]
- The new Russian Society: consumer sentiment pulse check (July 2024)[75][76]
- A sovereign capability in genetics for Russian agriculture (July 2024)[77]
- The energy transition: challenges and opportunities for Russia (August 2024)[78]
- Unlocking Russia’s potential in inbound medical tourism (August 2024)[79][80]
- The new Russian Society: people and artificial Intelligence (August 2024)[81]
- Staying ahead of the curve: towards the banking of the future (October 2024)[82]
- How Russia can increase agricultural exports to USD 70 billion (November 2024)[83]
- Outlook for Russia's real estate development industry: survival guide (November 2024)[84][85]
- Commercialization outlook for Russian steel: development of domestic consumption and search for new markets (December 2024)[86][87]
- Generative AI in BRICS+ countries: trends and outlook (January 2025)[88][89]
- Robots at the wheel: outlook for the transition to self-driving vehicles in Russia (February 2025)[90]
- E-commerce development in Russia (March 2025)[91]
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References
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