Legal market overview
Croatia was granted full membership to the European Union in June 2013, but the anticipated bounce from EU funding and private sector investment failed to materialise in its first year following accession. Instead, Croatia’s persistent recession continued and foreign direct investment slowed again in most sectors. Debt recovery and restructuring now constitute a staple of practice for many law firms. However, there are a number of positives to be taken: law firms report investment in tourism, the revival of activity in renewable energy, and the increased prospect of Adriatic oil and gas exploration as a result of the new Act on Exploration and Exploitation of Hydrocarbons and subsequent licensing round. Additionally, there remain various ongoing large-scale privatisations and renovations, such as the rehabilitation of Zagreb International Airport.
The legal market is populated by modest-sized law firms, and the past several years has seen a number of new law firms being founded by younger lawyers splitting off from former employers. Several newer firms provide high-quality service on a small scale at attractive fees.
Among the larger local firms are Bogdanovic, Dolicki & Partners; Divjak, Topic & Bahtijarevic; Mamic Peric Reberski Rimac; Porobija & Porobija; Šavoric & Partners; Vukic & Partners; and Žuric i Partneri.
Notable changes include the September 2014 launch of Kovacevic Prpic Simeunovic, whose three name partners were formerly at Žuric i Partneri. Former Mamic Peric Reberski Rimac attorney Ivan Krnic joined forces with Praljak & Svic Law Firm, whose partners formerly worked at Divjak, Topic & Bahtijarevic, creating a proposition that is ‘young, driven, ambitious and very serious’.
Several international law firms operate in the market through associations with locally qualified lawyers. Wolf Theiss – Zagreb branch maintains a significant presence, as does Karanovic & Nikolic, which has a network of offices across the Balkan region. Also present are CMS, Schoenherr Rechtsanwälte GmbH in co-operation with Croatian Lawyers and intellectual property specialist Petoševic.
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.
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