Legal market overview
Croatia acceded to the European Union as a full member in June 2013, bringing with it hope of EU funding and private investment for future. As of yet, though, Croatia’s economy remains sluggish and new foreign direct investment slow. Debt recovery work is now a staple of practice for many law firms and the recently introduced Pre-Bankruptcy Act added another layer of negotiation and regulation to existing laws, generating substantial mandates to advise clients as creditors or debtors. Firms are hopeful that government plans to privatise or part-privatise state assets could provide substantial mandates; the privatisations of Croatian Post Bank and insurer Croatia Osiguranje are two such examples.
The market remains characterised by small Croatian law firms staffed by a few senior partners with junior support, and the occasional split whereby ambitious younger lawyers form new firms. In 2012, Krehic Lacmanovic Law Office was dissolved and the respective name partners founded new firms, namely Law Office Krehic and Law Office Lacmanovic.
Bogdanovic, Dolicki & Partners, Divjak, Topic & Bahtijarevic, Hanzekovic & Partners, Porobija & Porobija, Savoric & Partners and Zuric i Partneri are among the largest of the local firms. The international law firms CMS, Schoenherr Rechtsanwälte GmbH in co-operation with Croatian Lawyers and Wolf Theiss – Zagreb branch all have offices locally. Karanovic & Nikolic in co-operation with local lawyers’ office, which opened in Zagreb in September 2012, is now a fully functional part of the firm’s regional network across the Balkans, and Eastern European intellectual property firm Petoševic is also present in the market.
The chapter this year includes a new, dedicated Intellectual property section.
Firms in the spotlight
Mamic Peric Reberski Rimac Law Firm LLC
Mamic Peric Reberski Rimac Law Firm LLC is a leading law firm specialising in providing legal support to leading domestic and international public and corporate clients performing business activities in the Republic of Croatia. Thanks to previous co-operation with international law firms (such as DLA Piper, DLA Weiss Tessbach) the partners of MPRR were able to gain significant experience in a variety of fields of legal work, particularly in cross-border transactions. MPRR is a top-ranked law firm in the Republic of Croatia, in terms of market share, clients, transaction values and income.
Legal Business: country analysis
Breaking new ground – advisers hope shale revolution can restart CEE market
Weighed down by political unrest and slowing economies, energy and infra projects look like one area to be driving
the CEE economy. Can the shale revolution power up
Click here to read the feature.