Mr Laimonas Skibarka > Sorainen > Vilnius, Lithuania > Lawyer Profile

Sorainen Offices

Sorainen
44A Gedimino Ave
LT-01110 Vilnius
Lithuania
Visit website 370 526 85040 370 526 85041

Mr Laimonas Skibarka

Laimonas Skibarka photo
+370 52 685 040 laimonas.skibarka@sorainen.com View profile

Work Department

Corporate and M&A, TMT

Position

As partner of Sorainen, I am passionate about our firm’s core purpose – growing prosperity in our region by helping our clients succeed in business. I enjoy working closely with clients and learning about their businesses and industries. Specialising in the fields of mergers & acquisitions (M&A), private equity and foreign investments, I focus on the technology, media & telecommunications (TMT) sector.

Career

Strategic projects in the Baltic region. During my legal career (which also included working at the London office of international law firm Allen & Overy in 2005-2006), I have been privileged to lead our teams in various strategic projects in the Baltic region. These included creation of shared service centres by Barclays and Western Union (the first “flagship investors” in this sector in Lithuania), strategic acquisitions by Providence Equity Partners (who acquired Bitė, a major mobile operator in Lithuania and Latvia, and All Media Baltics, the largest media group in the Baltics), REWE (who acquired IKI, a major retail chain in Lithuania and Latvia) and many others.

Amongst market leaders in transactions. International M&A database Mergermarket ranks me as the leading individual lawyer by number of M&A transactions advised in Lithuania (first place with 37 deals for a total disclosed value of EUR 3.018 billion, during 2000-2021) and also among the Top 5 in our region. I love M&A and private equity transactions and am grateful to clients for entrusting us with these exciting projects.

Helping businesses grow. I also enjoy contributing to venture capital transactions which help to expand startups and other growing companies (and have myself invested in several Lithuanian startups). Fast growth and innovations was also among the reasons for choosing TMT as my key focus sector back in 2014.

Value based approach in daily work. Promoting a client-centred and service-minded culture, sector focus and collaboration within the firm, I also apply these values while working with clients and other advisers. I strongly believe in the saying “collaboration is spreading wealth”.

Recognised by legal directories. Chambers Europe: “Market observers applaud [his] expert legal knowledge and strategic thinking, saying ‘he is more than a lawyer; he has that rare skill of not only pointing out risks but also offering solutions’.” The Legal 500: “He has ‘excellent local knowledge that he is able to convey to multinational clients’.”

Languages

Lithuanian, English, Russian

Memberships

  • Lithuanian Bar Association
  • International Bar Association
  • YPO Lithuania
  • Member of the Board of Lithuanian Business Confederation | ICC Lithuania (2013-2018, honorary award in 2012)

Education

  • Vilnius University, Lithuania (MA in Law)
  • Central European University, Hungary (LLM in International Business Law with distinction)
  • Studies at Toronto University, Canada (student exchange programme)
  • Harvard Law School (Leadership in Law Firms course)

Lawyer Rankings

Lithuania > Commercial, corporate and M&A

(Hall of Fame)

Laimonas Skibarka – Sorainen

With one client commending their ‘top-notch service’, Sorainen handles high-value deals including M&A as well as shareholder relations, investments, and corporate structuring. Also noted is the private equity and venture capital group that is well-placed to advise foreign investors on Lithuanian market entry. Mantas Petkevičius leads this part of the team, while Sergej Butov, a highly experienced M&A and energy lawyer, oversees the broader practice as a whole. Laimonas Skibarka, the firm’s managing partner, also assists on M&A, foreign investments, and TMT matters. Other key names include Evaldas Dūdonis  and Jonas Kiauleikis , the last of which also co-heads the firm’s TMT area, as well as Mindaugas Dominykas Baniulis .

Lithuania > TMT

Sorainen has an excellent reputation for advising on a broad range of TMT matters. Key drivers of work for the group include data protection, regulatory and compliance issues, TMT transactions, related M&A deals and market entry issues. The client base includes prominent global companies Microsoft and Google, alongside media, telecoms, tech and IT entities. The practice is led by the triumvirate of Laimonas Skibarka, Jonas Kiauleikis and Stasys Drazdauskas, who specialises in information technology, IP, and data protection law. Matas Mačiulaitis and Mindaugas Dominykas Baniulis have expertise in handling large venture capital investments. Sidas Sokolovas and Irma Kirklyte are key names to note.

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