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Rankings published in 2026
Financial and corporate
Tier 1
13 firms ranked
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Tier 1

Cobalt
3 practice areas
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Ellex Raidla
2 practice areas
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Sorainen
3 practice areas
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Tier 2

TEGOS
3 practice areas
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Walless
2 practice areas
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Tier 3

Eversheds Sutherland Ots & Co
2 practice areas
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Triniti
3 practice areas
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WIDEN
2 practice areas
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Tier 4

Hedman Law Firm
1 practice area
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Rask
1 practice area
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Notable

Law Office Kaevando & Partners
1 practice area
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NJORD Law Firm
3 practice areas
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Tark
3 practice areas
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Project development
Tier 1
6 firms ranked
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Tier 1

Cobalt
3 practice areas
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Ellex Raidla
2 practice areas
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Sorainen
3 practice areas
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TEGOS
3 practice areas
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Notable

Triniti
3 practice areas
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Walless
2 practice areas
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Linked Reviews
Financial and corporate

COBALT is a full legal-services law firm with 73 lawyers in Estonia and 200 lawyers across their offices in the Baltics. The firm is a member of a number of international associations, including the International Bar Association.

 

Focusses / specialisms

The firm is strong across all practice areas and, particularly, in banking and finance, M&A and project development.

 

 

 

12 results12 results
Deal Highlights
25 results25 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Luminor Bank AS - Bond Issue
2021-09-01
Cobalt
Estonia
Bond issue
Groupe BPCE, Erste Group Bank AG, Citigroup, Luminor Bank AS
Underwriter
LHV Pank AS - Bond Issue
2021-09-01
Cobalt
Estonia
Bond issue
LHV Pank AS
Issuer
LHV Asset Management; LHV pension funds - Bond issue
2021-12-31
Cobalt
Estonia
Bond issue
Marina Kotkas
LHV Asset Management, LHV pension funds
Initial purchaser
European Lingerie Group - Financing
2021-07-01
Cobalt
Estonia
Financing
Martin Simovart
European Lingerie Group
Borrower
Fortumo - M&A
Cobalt
Estonia
M&A
Peeter Kutman
Fortumo
Seller
MCF Group Estonia - M&A
Cobalt
Estonia
M&A
Martin Simovart
MCF Group Estonia
Seller
BaltCap Private Equity Fund III - M&A
Cobalt
Estonia
M&A
Peeter Kutman
BaltCap Private Equity Fund III
Acquirer
Levine Leichtman Capital Partners - M&A
2021-03-01
Cobalt
Estonia
M&A
Martin Simovart
Levine Leichtman Capital Partners
Acquirer
Ambient Sound Investments - M&A
Cobalt
Estonia
M&A
Peeter Kutman
Ambient Sound Investments
Seller
Ardian - M&A
Cobalt
Estonia
M&A
Martin Simovart
Ardian
Acquirer
Flügger - M&A
2021-05-01
Cobalt
Estonia
M&A
Martin Simovart
Flügger
Acquirer
Utilitas - M&A
Cobalt
Estonia
M&A
Martin Simovart
Utilitas
Acquirer
Graanul Invest; Baltic Energy Group - Project development
Cobalt
Estonia
Project development
Aivar Taro
Graanul Invest, Baltic Energy Group
Project developer
Alexela - Project development
Cobalt
Estonia
Project development
Aivar Taro
Alexela
Project developer
Goldman Sachs International; Barclays Bank of Ireland PLC; Royal Bank of Canada - Financing
2022-02-10
Cobalt
Estonia
Financing
Marina Kotkas
Goldman Sachs International, Barclays Bank of Ireland PLC, Royal Bank of Canada
Lender
Swedbank - Secondary share offering
Cobalt
Estonia
Secondary share offering
Marina Kotkas
Swedbank
Underwriter
AS PR Foods - Bond issue
Cobalt
Estonia
Bond issue
Marina Kotkas
AS PR Foods
Issuer
Luminor Bank - Bond issue
Cobalt
Estonia
Bond issue
Marina Kotkas
Luminor Bank
Issuer
Change Ventures - Fund formation
Cobalt
Estonia
Fund formation
Kristel Raidla-Talur
Change Ventures
Investor
Binalyze; Earlybird Digital Fund - Fund formation
Cobalt
Estonia
Fund formation
Kristel Raidla Talur
Binalyze, Earlybird Digital Fund
Investor
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of
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ESG
Lauris Liepa, managing partner at Baltic firm Cobalt, reflects on his journey in advocating for LGBTQ+ rights and the successes on the way
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