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Thu, Aug
41 New Articles

Czech lawyers, not known for ebullience, are nonetheless finding it hard to keep the smiles off their faces. After a decade of disappointment and struggle, if the Managing Partners at Czech firms are to be believed, the last remnants of the global financial crisis have dissipated and business is booming. As spring rolls through Central Europe, the sunshine is both meteorological and metaphoric. Prague is basking in the warmth.

Ranking services form a critical part of the law firm landscape in CEE as around the world, and law firm marketing and business development functions in the region spend many weeks or months each year preparing their submissions for those ranking services they believe are most widely read and influential. Still, not everybody is convinced the ranking services are as effective or valuable as they could be. Thus, for this issue, we asked the law firm marketing and BD experts around CEE: “What one change would you most like to see made to the law firm rankings to make them more useful/effective?” 

“There’s a lot going on at the moment in Slovakia,” according to Michaela Stessl, the Managing Partner of DLA Piper in Bratislava, who begins her summary by describing "a boom with regard to suppliers for the automotive sector who are coming with the Jaguar/Land Rover investors.” According to Stessl, "this has a huge impact on several levels and several fields of providing law,” not only to Jaguar/Land Rover itself, “but also to all the suppliers who are doing business with them.”

DLA Piper has advised steel producer EVRAZ on its sale of the entire issued share capital of Kadish Limited, the holding company of EVRAZ Sukha Balka, a Ukrainian enterprise specializing in iron ore underground mining, to Berklemond Investments Ltd, a company of the DCH Group, for USD110 million of gross consideration, adjustable for the actual level of working capital and debt.

DLA Piper has advised Guard Capital, a venture capital fund specializing in telecom and Internet projects, on the sale of a 79.6% stake in DocDoc.ru, an e-medicine company in Russia, to Sberbank. Sberbank was represented by CMS on the deal, which sees the remaining stake belong to the founder of DocDoc.ru and its key management.

A significant anniversary inevitably causes us to reflect upon the period gone by. The sub-prime mortgage crisis in the US started in 2007 and, after spreading to other countries, became the global financial crisis that caused the longest-lasting recession of the post-war era. This recession, in conjunction with other factors, triggered sweeping changes in the Hungarian legal market. In retrospect, clear, recognizable patterns have emerged in the ten years since then. 

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DLA Piper at a Glance

DLA Piper is a leading global business law firm with lawyers in the Americas, Asia Pacific, Europe, Africa and the Middle East, positioning us to help companies with their legal needs around the world. Our clients range from multinational, Global 1000, and Fortune 500 enterprises to emerging companies developing industry-leading technologies. We also advise governments and public sector bodies. DLA Piper has built a strong reputation and has developed a major presence in Central Eastern Europe. With close to 180 lawyers and over 30 partners in our offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia, we advise our clients – multinational, regional and domestic leaders in their fields – on all aspects of business law.  We have group member or relationship firms in Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Albania, Bulgaria, Republic of Moldova, and Macedonia. Furthermore, DLA Piper has strong support in the Baltic states through relationship firms in Lithuania, Latvia, Estonia. Our cross-practice teams offer clients from various sectors specific, business-oriented legal solutions to both domestic and regional issues. 

Firm's website: http://www.dlapiper.com