Legal Market Overview
The global Covid-19 crisis had a significant negative impact on the economies of the Central and Southeast Europe region. Serbia was no exception, its Government declaring a State of Emergency in the Spring of 2020. During the Summer, however, investors reverted to higher levels of business activity, particularly in relation to more pandemic-resilient sectors, such as IT, pharmaceuticals, fast-moving consumer goods and domestic products.
Serbia’s economic recovery is also expected to receive a long-term boost from a number of planned infrastructure projects; and additional significant investments are further anticipated as a result of the September 2020 opening of the US Development Finance Corporation’s regional office in Belgrade.
In response to the pandemic, most law firms established COVID-19 legal task forces that fielded dedicated legal experts across several practice groups; and as elsewhere in the world, both lawyers and clients adjusted to the new reality of full-service legal assistance being delivered in a non-traditional manner with as little disruption as possible.
High-profile examples of full-service domestic law firms in Serbia include JPM Jankovic Popovic & Mitic, Joksovic, Stojanovic & Partners, Prica & Partners, Bojovic Draškovic Popovic & Partners and BOPA Bojanovic & Partners. Significant regional legal practices also play major roles in the country’s legal market; these include Karanovic & Partners, Moravcevic Vojnovic and Partners in cooperation with Schoenherr, Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss, BDK Advokati AOD, and Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz. Harrisons Solicitors remains the only English law firm with an office in Belgrade.
Notable developments on the Serbian legal market included Kinstellar/Zajednicka advokatska kancelarija Maric & Mujezinovic changing its name to Joint law office Marić in cooperation with Kinstellar, following the 2020 departure of former name partner Selma Mujezinović to found Law Office Mujezinović.