The Legal 500

Lithuania

Editorial

Legal market overview

Lithuania’s economy is slowly recovering from the financial crisis, and law firms are seeing a related upturn in practice areas such as dispute resolution, IP, real estate and construction, and energy.

Arbitration remains on the rise, particularly for commercial and investment disputes. The nationalisation and subsequent bankruptcy of commercial bank Snoras continues to generate a steady flow of work for a number of firms.

The changes to the tax regime introduced after the latest parliamentary elections in 2012 have triggered an increased demand for tax services, and there may be an uptick in data protection compliance assignments from international companies, particularly when the new EU regulations enter into force. The country’s IP litigation market continues to develop.

Lawin, Raidla Lejins & Norcous, Sorainen and Tark Grunte Sutkiene are the largest full-service firms. Among recent developments elsewhere in the market, Gediminas Dominas left Glimstedt Bernotas & Partners to set up his own boutique; and Baltic firm Magnusson entered the market through its takeover of Nordia Baublys & Partners.

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