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TransLegal Enters Hungarian Market

TransLegal Enters Hungarian Market

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Swedish service provider TransLegal has announced its entrance into the Hungarian market with the launch of its World Law Dictionary project at the Lawtech Meetup: Right to Capture Language in Budapest on April 10, 2019.

The event was attended by around a hundred participants, including academics, students, translators, and legal practitioners. Participants learned first-hand about the World Law Dictionary project, which is designed to provide a correct translation of legal concepts in various languages, with Hungarian being the first language to be tested. 

The pilot product will roll out in Hungary next week, and will provide English translations of Hungarian legal terms and phrases accompanied by explanations, common translation mistakes, sound files for pronunciation, and examples.

The final product will be an online law dictionary which will allow users to search in at least 20 languages for English translations of the legal terms in their languages. The product will be accessible online with a subscription costing between EUR 10-20 per month. 

“Our World Law Dictionary will try to eliminate the potential risk factors by not only translating the legal term in question, but also showing the legal background of that particular legal institution in that country, if its meaning’s essential elements differs from English," explained TransLegal Director of Projects and International Partnerships Peter Torma. "We think this can help legal systems and legal cultures learn from each other.” 

“The World Law Dictionary is the oil of international law that greases the wheel,” TransLegal Founder and CEO Michael Lindner said to CEE Legal Matters. “We hope it will help lawyers in their practice to communicate more easily, as well as making legal systems more transparent, allowing investors to understand and invest in foreign markets."

Established in 1989, TransLegal's goal is to help the international legal community with legal translation services, courses, dictionaries, tests, and books. Its World Law Dictionary project partners with law faculties around the world, including the China University of Political Science and Law and the University of Gottingen in Germany.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

Firm's website.

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