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Hungary > Legal market overview > Law firm and leading lawyer rankings

Editorial

Who Represents Who

Find out which law firms are representing which Legal market overview clients in Hungary using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

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With a growing tech sector, an increasingly attractive real estate market, and a significant number of energy and infrastructure projects, Hungarian law firms report a strong year for transactional activity. Big-ticket cross-border M&A remain prevalent, however local deals continue to be a focus of corporate practices.

The real estate sector continues to see a substantial amount of activity. Despite a number of strategic portfolio disposals, there is increasing demand for new developments and for existing commercial buildings. As property prices rise, Budapest continues to be an attractive prospect for international real estate investors, and the automotive and hospitality sectors are also benefitting from increasing interest.

FIRMS IN THE SPOTLIGHT

Nagy és Trócsányi Ügyvédi Iroda

Nagy és Trócsányi was founded in 1991 with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

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The promotion of renewable energy projects in Hungary has translated into a spike in energy sector transactions; many firms report an increase in solar projects and expect this trend to continue into 2019. Elsewhere, a new Civil Procedure Act has impacted dispute resolution practices as it aims to modernise processes to increase efficiency; it places greater emphasis on the preparatory stage of disputes. TMT departments report a significant amount of transactional and restructuring activity, and the implementation of the General Data Protection Regulation led to a surge in data protection and data privacy instructions.

Home to local and international law firms, Hungary’s legal market has seen significant changes in the past few years, such as the exit of Weil Gotshal & Manges LLP at the beginning of 2018. There have been several key lateral moves in the market, notably the departure of a team from Wilkinson European Community Jurist Office/Squire Patton Boggs (US) LLP, including former corporate and M&A head Ákos Erős, to Wolf Theiss Faludi Erős Ügyvédi IrodaNoerr's recent hire of Ákos Mátés-Lányi from Andrékó Kinstellar, to head its corporate and M&A team; and the arrival of Ildikó Csák at KPMG Legal Tóásó Law Firm.

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