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

Sorainen
44A Gedimino Ave
LT-01110 Vilnius
Lithuania

Work Department

Corporate and M&A, TMT

Position

Managing Partner

Career

As managing partner of Sorainen, Laimonas Skibarka is passionate about our firm’s core purpose – growing prosperity in our region by helping our clients succeed in business. Laimonas enjoys working closely with clients and learning about their businesses and industries. Specialising in the fields of M&A, private equity and foreign investments, Laimonas focuses on the TMT sector.

Strategic projects in the Baltic region. During his legal career (which also included working at the London office of international law firm Allen & Overy in 2005-2006), Laimonas has 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 Laimonas as the leading individual lawyer by number of M&A transactions advised in Lithuania (first place with 35 deals for a total disclosed value of EUR 3.078 billion, during 2000-2019) and also among the Top 3 in the Baltic States and Belarus.

Helping businesses grow. Laimonas also enjoys contributing to venture capital transactions which help to expand startups and other growing companies. Fast growth and innovations was also among the reasons for choosing TMT as his 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, Laimonas also applies these values while working with clients and other advisers. He strongly believes in the saying “collaboration is spreading wealth”.

Recognised by legal directories. Laimonas is recognised by legal directories: Chambers Europe notes that “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 notes that “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 > TMT

Sorainen has very broad capabilities across the media, IT and telecoms spheres. Its team includes Daivis Švirinas, who advised HBO on its filming of hit series Chernobyl in Lithuania. Managing partner Laimonas Skibarka is a key name in the telecoms market, most recently advising on the roll-out of 5G, as well as on space technology. Stasys Drazdauskas has expertise in commercial issues concerning cloud services, AI and IT business services. Senior associate Jonas Kiauleikis has built up a strong track record in TMT-related corporate transactions.

Lithuania > Commercial, corporate and M&A

(Hall of Fame)

Laimonas SkibarkaSorainen

Sorainen, which is ‘a top law firm in Lithuania’, advises on high-end M&A, private equity and venture capital transactions. Its practice has a strong emphasis on mandates connected with the energy, financial services and TMT sectors. Team head Sergej Butov has a broad skill set, which includes M&A, joint ventures, corporate governance and reorganisations. Managing partner Laimonas Skibarka is another key name, and is most notably known for his work in the TMT sector. Algirdas Pekšys authored the first Corporate Governance Code in Lithuania back in 2004. Mantas Petkevičius, who leads the private equity and venture capital team, has expertise in investments and exits. Associate Mindaugas Baniulis joined from Magnusson.