The banking and finance team at Sorainen operates jointly with its insurance practice, servicing clients in financial services, capital markets, insurance, and banking. The team regularly advises major Lithuanian and European financial institutions on transactional and regulatory matters, and also assists investment firms seeking to fund energy projects in an effort to accelerate the energy transition. The firm is jointly led by Tomas Kontautas and Augustas Klezys, both of whom are prominent practitioners in banking and insurance law. The firm benefits from the insurance and reinsurance law expertise of Indrė Pelėdaitė, who was recently promoted to partner.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘The team is experienced, well-qualified, and consistently responsive, which makes working with them very straightforward and efficient. They provide clear, practical advice and are always willing to take the time to understand our specific needs. Compared to other firms, they feel more approachable and flexible, and we’ve appreciated their openness to using technology and adapting billing arrangements when needed. They work well as a team, communicate clearly, and are proactive without being overbearing. Overall, we value their reliability and the quality of their work.’
- ‘Vitalija Impolevičienė and Andrius Plitauskas have both been excellent to work with - knowledgeable, thoughtful, and very reliable. They’ve helped us navigate complex legal processes with care and a strong sense of responsibility, which we’ve really valued. ’
- ‘What makes this practice stand out is the combination of thoroughness, speed, and depth of perspective they bring to their work. The team is exceptionally responsive, providing clear and timely advice without compromising on detail. Importantly, their guidance goes beyond simply citing or interpreting legal provisions. They consistently frame their opinions in a broader business and practical context, outlining the wider implications of a course of action so clients can make fully informed decisions.’
- ‘Among the individuals I have worked with, Vitalija Impolevičienė stands out most clearly. What differentiates her from competitors is not only her deep legal expertise but also the way she applies it — with precision, commercial awareness, and genuine client care. Vitalija is exceptionally thorough and quick to respond.’
- ‘Sorainen has a "down to earth" approach, meaning they really try and look into practical aspects of the advise they are giving. Their lawyers generally do not have arrogant approach to situations, do not demonstrate the "I know better than you do" attitude, but in contrary, listen to your concerns and work with their client as a team members.’
- ‘I had quite a lot of interaction with partner Augustas Klezys and associate Dominykas Kulakas during this year. I can only say good things about both of them. I appreciate Augustas' calm approach to every matter - really helps in stressful situations. He is also always very professional, looks for the best and most suitable (but not necessarily the easiest) solution. Dominykas impresses me with the diligence and consistency - every detail in the deals we worked on was on his radar. I also appreciate the proactiveness, which in various situations helped us to avoid rushing and doing things on the last minute. ’
Key clients
- Eiffel Investment Group
- Gjensidige Forsikring
- Erste Group
- Goldman Sachs Bank Europe SE
- Morgan Stanley Europe SE
- BNP Paribas
- Bank of America Securities Europe
- J.P. Morgan SE,
- SEB Bank
- Nordic Investment Bank
- European Bank for Reconstruction and Development
- INVL Asset Management
Work highlights
Represented banks-dealers in the issuance by the government of Lithuania of two new Eurobond issuances: a EUR 1 billion, 5-year bond and a EU 1 billion, 15-year bond.
Assisted the lead manager Goldman Sachs Bank Europe SE in organising and placing the EUR 50 million issue of Fixed Rate Reset Perpetual Additional Tier 1 Temporary Write Down Notes (AT1) for Šiaulių bankas. This is the first AT1 issuer from Lithuania.
Provided an in-depth analysis commissioned by the Lithuanian Banking Association for banks seeking to classify loans as aligned with the EU Taxonomy Regulation and contributing to climate change mitigation.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Tomas Kontautas \n \nAugustas Klezys