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The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.

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Bulgaria > Law firm and leading lawyer rankings

Editorial

Legal market overview

 

After a brief period of sluggishness, caused by the financial crisis in 2009 and the political instability of 2014, the Bulgarian economy is again in good health. According to the World Bank, year-on-year growth reached an impressive 4.2% in the second quarter of 2017. Incomes are rising, unemployment is decreasing and banks are liquid. The boom is supported by overseas investment, an increase in the availability of private equity and European Union funding initiatives.

Reflecting this growth, there has been significant M&A activity in the country's developing IT and outsourcing sectors – including horizontal mergers and notable acquisitions by domestic and foreign investors, from the US and around the EU. In turn, increased demand for IT-specific industrial and office space is a noticeable trend on the real estate market, which also saw a rise in major retail-space transactions during the last year.

The legal market is dominated by domestic heavyweights, including Boyanov & Co, Djingov, Gouginski, Kyutchukov & Velichkov and Kambourov & Partners, while some of the major CEE regional names, such as CMS and Wolf Theiss, also have a presence. Several smaller firms, however, vie for elite positions in certain practice areas, in which they have a notable pedigree.

 

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