Legal Market Overview
The Covid pandemic has sent shock waves throughout the world and Slovenia is no exception. It has been a challenging period for all law firms. However, the market seems to be stabilising. Firms report that the economy has been amazingly resilient and there has been a substantial amount of M&A activity in the SME sector as well as in the tech and the pharma sectors.
Recently, however, there have been considerable delays on the transactional side and in the court system. Also, there is a backlog in IP filings. The courts and all forms of civil administration are slowly moving away from paper filings to e-filings. The vast majority of law firms have adapted well during these turbulent times and have embraced technology.
Slovenia has a highly-educated work force and enjoys a central location between Western Europe and the Balkans. It is seen as an attractive and stable country to invest in by predominantly its CEE-region neighbours and other countries such as Austria, Germany, Italy and France. It is anticipated that there will be a lot more investment in the country in the foreseeable future as private equity firms and strategic investors have been eyeing up the market.
Slovenia now has a number of major firms that are well-placed to advise on the bigger transactions that are taking place in the country and on substantial cross-border deals. The legal market is becoming more and more competitive. Firms are advising on sophisticated and complex work and have been busy advising on an array of large financial and corporate restructurings and a sizeable amount of work dealing with non-performing loan portfolio sales. There are still a lot of real estate deals in the market and firms are also working on a large number of public procurement matters. There have also been many distressed sale transactions and shareholder disputes. Other growth areas for firms are in energy infrastructure and power plant projects. Some firms are also developing considerable expertise in environmental and waste management law.
The local firms are strong and it is a vibrant market. These firms regularly work with leading international law firms on key multi-jurisdictional deals and cases and are continuing to develop specialisms in niche areas such as blockchain, cryptocurrencies and fintech. Key firms include Jadek & Pensa; Law firm Kavcic, Bracun & Partners, o.p., d.o.o.; ODI Law Firm; Law firm Rojs, Peljhan, Prelesnik & Partners o.p., d.o.o. and ŠELIH & PARTNERJI Law Firm. Austrian firms Wolf Theiss and Schoenherr Slovenia also have a firm footprint in Ljubljana.