Tark Grunte Sutkiene has announced that the Lithuanian office of erstwhile competitor Baltic Legal Solutions will be joining its Vilnius team.
The merger, which TGS describes as "the biggest transaction in the history of the Lithuanian legal services market," was signed by Eugenija Sutkiene, who will continue in her role as Managing Partner of TGS Lithuania, and BLS Lithuania Managing Partner Gintautas Bartkus, who will become Chairman of the Board in the country.
TGS claims that its Lithuanian office will almost double in size as a result, with more than 90 “law professionals”, making it one of the "largest corporate law firms in the Baltic countries.”
Combined, according to a statement released by TGS, “the merging legal teams worked on M&A deals worth LTL 10 billion and advised clients on financing agreements with the value of LTL 20 billion in 2010 – 2014. Currently, they are handling over 1,000 lawsuits with the total value of LTL 7 billion.”
A number of Baltic Legal Solutions Partners have become Partners in Tark Grunte Sutkiene as a result of the merger. Among them are Valentinas Mikelenas, Gytis Kaminskas (advising on European Union and Energy law), Dainius Stasiulis (Real Estate and Construction law), Gediminas Lisauskas (M&A and TMT), Iraida Zogaite (Labor & Competition), and Robert Degesys (M&A and Tax).
According to Sutkiene, this merger was entered into pursuant to the long-term development strategies of both firms: “We strive to create a new model of provision of legal services to meet demands of the evolving market. At the same time, we continue to offer and further improve our exceptionally efficient client service.”
For his part, Bartkus claims that the union of the two well-known law firms creates new opportunities for clients, saying that, "This concentration of experienced and widely recognized law professionals in the context of dynamic economic globalization will ensure the highest quality, fast and innovative solutions for our clients in Lithuania and abroad."
The entire process is expected to be concluded by the end of the year.
