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Editorial

Legal market overview

2017 marked another strong year for Poland, with highlights including reclassification to ‘Developed Market’ status by FTSE Russell, a sector-wide industrial upturn and the unemployment rate dropping to its lowest in twenty years. Several giants of investment banking such as Goldman Sachs and JP Morgan have either expanded or launched their operations in Poland, bolstering the country’s position as the banking hub of Central and Eastern Europe (CEE). Private equity funds’ appetite for the jurisdiction shows no signs of abating, with several acquisitions finalised over the course of 2017, and more property portfolio transactions in the pipeline. Correspondingly, the real estate market remains strong, as does construction – the two are now separate sections in the guide. White-collar crime has also been introducted as a practice area this year, reflecting the increasing complexity and prevalence of work in this area.

In a series of high-profile moves, real estate star Jolanta Nowakowska-Zimoch and competition expert Robert Gago moved from Hogan Lovells (Warszawa) LLP to Greenberg Traurig Grzesiak sp. k.; Gago was replaced as practice head by Piotr Skurzyński, who joined from Wierzbowski Eversheds Sutherland. Rafał Hajduk’s arrival from Norton Rose Fulbright bolstered Domanski Zakrzewski Palinka’s energy department. Implementation of MiFID II generated work for financial regulatory lawyers, while introduction of the new EU data protection regime (GDPR) increased demand for data protection specialists. As part of the shake-up, technology and data protection expert Arwid Mednis joined PwC Legal Pawlowski Żelaznicki Sp. K from Wierzbowski Eversheds Sutherland.

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