Law firm of the year: The Baltics
With four offices in Estonia, Latvia, Lithuania and Belarus, COBALT has one of the most developed offerings across the region. A consistently outstanding performer in terms of major cross-border deals for clients such as BaltCap, Morgan Stanley, Luminor Bank, Goodyear, DiDiChuxing and Lidl, COBALT is regularly called to work on transactions with elite global law firms.
While maintaining its strong corporate focus, the last few years have seen the firm’s parallel investment into new areas of law. There has been a particular focus on both tech law and legal tech; COBALT hosted the first-ever legal hackathon in the region, runs a blockchain task force with over a dozen active projects, and has made meaningful investment into AI to enhance the efficiency of its M&A due diligence processes. COBALT’s diversity statistics are impressive, with over a third of the partnership now female. The judges praised its ‘excellent’ transaction list, clear strategic positioning, and ‘strong momentum’.
Highly commended: Ellex
Last year’s winner put in a strong showing this year, with excellent revenue growth following its pan-Baltic merger, leadership changes and progress within the fintech sector in particular. The judges commended its ‘dynamism’ and overall quality.