Eversheds increases international reach with unique Baltic association
Eversheds increases international reach with unique Baltic association
International law firm Eversheds has announced its association with a network of three leading law firms in the Baltic region. The affiliation agreement with Saladžius & Partners in Lithuania, Ots & Co in Estonia and Baltmane & Bitans in Latvia is another step in the continuing development of Eversheds" international capability.
The three law firms have a long-standing association, having worked together for clients across the Baltic region for ten years. Eversheds already has experience of working with the firms on a number of projects for clients with an interest in the region and the new formal agreement builds on this successful working relationship.
Commenting on the new agreement Alan Jenkins, chairman of Eversheds, said:
"The Baltic States are amongst the fastest growing economies in Europe and are therefore becoming an increasingly important location for business. The growth of our international network has always been market-led as we are looking to provide the service that meets the requirements of our international client base. Our new offering in the Baltic region represents a powerful addition to the capability of Eversheds to serve its clients internationally."
The three firms, which make up the Baltic legal network, have established reputations as full service business law firms with specialist expertise in a range of areas, including M&A, company reorganisation, competition law, employment law, real estate and litigation and intellectual property. The firms" expertise also spans a wide range of industries and sectors, including financial services, energy, construction and real estate.
The network has 11 partners and 37 fee-earners in total and there are plans in place to grow the team further. Working with a number of major corporates, the majority of the network"s turnover is generated by foreign corporations. With a client base of more than 1000 businesses, the firms are currently working for Berlin Chemie Menarini Group, Oracle, Siemens, Volvo and Solvay Pharma. The association will significantly increase the legal resources available to clients of both firms.
Speaking on behalf of the associated firms, Jonas Saladžius, Managing Partner of Saladžius & Partners said:
"With an ambitious economic agenda in place, this is an exciting time for the Baltic States and the upward trend in economic growth is expected to continue. This growth has created a new economic landscape and we are delighted to be increasing our offering at this time through a formal relationship with Eversheds.
"As a leading international firm, Eversheds has specific expertise in a number of areas which are of major importance to our market. Having already worked together on a number of projects, there was an obvious cultural fit. This has driven our formal association and we look forward to working together to maximise the benefits of our complementary strengths."