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Leadell Pilv Closes Tartu Office

Leadell Pilv Closes Tartu Office

Estonia
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Leadell Pilv has announced that it is discontinuing the activities of its Tartu office and will be operating exclusively out of its main office in Tallinn going forward.

In a statement that appeared on the firm website, Leadell Pilv insisted that it "is still a full-service law firm," and reported that, "although the firm has its permanent place of business in Tallinn, legal services are provided all over Estonia and with [the firm's] Latvian and Lithuanian counterparts in other countries as well."

According to that statement, "according to the decision of the partners of the office, the activities of the Tartu office were terminated as a result of long-term and thorough analysis and developments and changes in the legal services market. Above all, questions arose regarding practical considerations and the need for continuing the department, as well as of economic expediency."

“Over the past 10-15 years, significant developments in society and in the economic environment, especially in the field of information technology, have also dramatically changed people's past behavior,"  explains Managing Partner Aivar Pilv. "For a long time now, it has been clearly noticeable that the client's choice of lawyer will no longer be substantially affected by the location of the service provider .... This is especially true with regard to the size and distances of Estonia and people's mobility."

Instead, Pilv insists, "the choice of law areas offered by the law firm and related skills and experience, as well as specialization, are the decisive factors in making choices for clients by a law firm or a particular lawyer. Today, there are a number of convenient technical options for dealing with a lawyer, discussing the necessary actions and positions, which do not require a lawyer-client meeting every time during the work process. The necessary questions and solutions are handled promptly between the lawyer and the client, regardless of the distance and the location of someone. Therefore, the existence of a law office department in Estonia is no longer as important as some time ago or in 1996 when the Tartu office in question was opened."

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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