Starting from February, advocates from PwC Legal Estonia are joining forces with TGS Baltic Estonia to bring new energy and strength to the legal services market in Estonia and the entire Baltic region. As a result of this merger, the team of the TGS Baltic law firm will grow to 80 people, making it one of the largest law firms in Estonia.
The expanding law firm, now among the largest in Estonia, will be able to offer clients more alternatives in handling large business transactions and complex disputes. The larger team also allows for better distribution of workload and focus on specific legal areas, as well as the implementation of cross-disciplinary legal counseling.
PwC and PwC Legal have jointly decided to separate the legal firm PwC from the network due to a significant increase in demand for litigation services, which, in connection with PwC’s broad client base, increased potential for conflicts of interest. In order to avoid such risks, PwC will in the future focus on providing legal services on consulting that supports its main areas of activity, but will exit the disputes business and thereby also cease operations as a full-service law firm.
“The separation of the legal firm will not impact PwC’s core services, which include audit, business consulting in transactions, taxation, accounting, and the ESG sphere. Our relationship with the lawyers from PwC joining TGS Baltic remains very good, and we will continue to collaborate in the future,” commented Teet Tender, the leading partner of PwC in Estonia.
Sander Kärson, Managing Partner at TGS Baltic, states: “Rapid technological development and the intertwining of various subject areas make the modern legal landscape increasingly specialized. Understandably, client expectations are growing in terms of the volume and detail of legal services, and by expanding our capabilities, we can better meet those expectations. We believe that law firms with broader competence are better able to support demanding clients, making them more capable, and the strengthened TGS Baltic certainly falls into that category.”
Karin Marosov, Managing Partner at PwC Legal, adds: “The experience and competence gained from PwC Legal in advising clients in collaboration with external experts create a good foundation for solving increasingly complex and cross-border issues in clients’ businesses. The combined team provides sufficient resources to serve clients quickly and by top experts in their field, ensuring a balance between the work and personal lives of lawyers. Increased revenue and efficiency also give us the opportunity to support important community and charity initiatives.”
TGS Baltic is a leading law firm specializing in economic law, with offices in all Baltic countries. TGS’s mission is to be the best legal expert in the Baltic countries, offering the best knowledge, experience, and skills to support the business both locally and internationally.
PwC is one of the largest organizations providing business consulting services worldwide. PwC has been operating in Estonia since 1992 and has been a leading company in its industry for the last 10 years in terms of turnover, number of employees, clients, and representation. PwC serves over 500 clients, including leading domestic and international companies, as well as public sector organizations.
[image src=”/assets/Karin-Masarov-ja-Sander-Kaerson-v2.-Autor-Maksim-Toome.jpg” id=”6831″ width=”2400″ height=”1600″ class=”center ss-htmleditorfield-file image” title=”Karin Masarov ja Sander Kaerson v2. Autor Maksim Toome”]
Karin Marosov and Sander Kärson
