The Legal 500

Bulgaria

Share this page

Editorial

Legal market overview

Political instability in the Balkan region has meant that many law firms have seen a slowdown in a number of practice areas owing to diminished foreign investment in the region. In particular, firms have reported a fall in projects and PPP work. However, the exit of several foreign entities has encouraged some domestic growth and an increase in activity by local companies. The banking sector had a turbulent year in 2014 with several struggling Bulgarian banks being placed under government supervision. As a result of the prevailing climate, many law firms have been increasingly active in dispute resolution, restructuring and debt recovery work.

Bulgaria’s previously vibrant energy sector has been somewhat stymied and the majority of energy projects are on hold; as a result, many energy law practices have shifted to dispute resolution work, much of it pertaining to the introduction of grid access fees. The IT and technology sector remains an active area for many firms.

The Bulgarian market is very competitive with domestic firms dominating the legal landscape, including Boyanov & Co, Djingov, Gouginski, Kyutchukov & Velichkov, Spasov & Bratanov, Tsvetkova Bebov Komarevski, Kambourov & Partners and Penkov, Markov & Partners. Schoenherr (in cooperation with Law firm Stoyanov & Tsekova), CMS and Wolf Theiss are the key foreign firms in the market. Kinstellar recently entered the market with the November 2014 opening of a new office in Sofia.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Bulgaria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to