Legal market overview in Lithuania
As part of an ongoing trend, Lithuania's legal landscape has been shaken up by significant changes, with new firms being established and the market becoming more fragmented.
In one key development, several practitioners previously with Ellex left to form WALLESS. The new entity has since been strengthened by its merger with Dominas LEVIN in April 2019. In addition, WINT Law Firm is another new market entrant, having been created by two former partners from TGS Baltic. TVINS was impacted by the departure of Vytautas Senavicius and several associates to form Response.
Another hot topic has been the rise of fintech in Lithuania, which has secured a place as the second main fintech hub in Europe after the UK. Elsewhere, other recent drivers of activity included major infrastructure projects in both Vilnius and Kaunas, as well ongoing work in the conventional and non-conventional energy spheres.