TGS Baltic and VARUL Estonia have signed a memorandum of understanding to form a stronger Baltic partnership. The firm will employ over 140 lawyers and will hold a leading position among business law firms in the Baltic States.
Expanded team creates the strongest mergers and acquisitions, litigation, energy, capital market, banking and finance, competition, and other practice groups in the Baltics.
The chairman of TGS Baltic’s management board, Mr Ivars Grunte, welcomes the new reinforced team in Estonia: ‘TGS Baltic has always been at the forefront of Baltic law firms. The competition in Estonia and the Baltic market in general is fierce, therefore new and brave approaches to serving the client’s needs are necessary. I am convinced that the renowned brain power behind our new partners in Estonia will give a positive lift to our Baltic team of trusted advisers.’
‘What connects all the recent changes on the Baltic legal market, is the pursuit of the highest quality in legal services. I feel that excellence is best accomplished by working as a team together with partners that share the same values. Therefore, I’m very pleased about the present developments and looking forward to the next stage of our partnership’ says Eugenija Sutkienė, managing partner of TGS Baltic in Lithuania.
Managing partner of VARUL Estonia, Mr Martin Tamme, comments the rationale behind the undertaking: ‘VARUL Estonia has witnessed excellent growth within the past few years, however, our ambition is to be number one in the Baltics. We are very enthusiastic about taking this substantial leap towards our goal.’ Founder and senior partner Mr Paul Varul adds: ‘We see the three teams complementing each other nicely and are excited to be working together with professionals of this calibre.’
