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Rankings published in 2026

Founded in 2019, Elegant Solution is headquartered in Vilnius and is led by managing partner Karolina Baronaite - Birmonte. 

Focuses / Specialisms 

The firm is recognised for its active presence in financial service regulatory and M&A legal services. 

Glimstedtis an international law firm with 14 offices in Sweden and three in the Baltic states, including an office in Vilnius. 

 

Focusses / specialisms 

The firm has a broad-ranging banking and capital markets practice capable of representing all sides of the tablefrom financial institutions and investment banks to borrowers and fundraisers. 

Its M&A team is known for large and medium ticket deals. The firm is highly active in private equity and venture capital investments, as well as the formation of regulated and non-regulated funds. 

Key specialties within the projects space, where the firm is also highly active. 

 

 

TEGOS is an international law firm with extensive operations in the Baltic region. The firm, formed in 1991, has offices in Tallinn, Tartu, Riga and Vilnius. 

 

Focusses / specialisms 

The firm has market-leading capabilities in financial and corporate work in Lithuania. 

In banking, the firm advises businesses, governments, EU institutions, as well as all major Baltic financial institutions and international banks. 

Capital markets, both equity and debt, represent another key area of strength for the firm. 

The M&A team advises on all aspects of buy side and sell side mandates and has a market-leading offering in the space. 

The firm advises through the whole life cycle of the development of projects. 

 

 

 

 

 

 

Primusis a business law firm with offices in Estonia, Latvia and Lithuania. The firm operates as Derlin Primus in Estonia and Primus in Latvia and Lithuania. 

 

Focusses / specialisms 

Banking, M&A and project development are the firm’s key financial and corporate areas of specialisation in Lithuania. 

 

 

 

 

Eversheds Saladžiusis a Lithuanian business law firm and a member of Eversheds Sutherland International – one of the largest full-service law firms in the world. 

 

Focusses / specialisms 

The firm’s banking team assists clients, both borrowers and lenders, on various types of financing transactions and supports the creation and implementation of new financial products in Lithuania. 

In corporate work the firm is also active, advising large international and local companies on M&A, disposals and joint ventures. The firm also provides routine corporate support for many multinational companies in Lithuania. 

In projects, the firm specialises predominantly in energy sector work. 

 

 Fort is a Baltic law firm with offices in Tallin, Vilnius and Riga. The firm has been in business since 2013.

 

Focuses / specialisms

The firm has key competencies in banking, M&A and project development.

In M&A the firm has distinct focus on real estate sector transactions, as well as work in TMT, financial services and agriculture where the firm has specific knowledge on activity and regulation.

In the projects space the firm has experience in the real estate and energy sector (especially related to renewable energy).

The “Big Four” professional services firm Deloitte has a cross-border presence in Europe and the Baltic. Its legal arm Deloitte Legal services clients in Lithuania out of an office in Vilnius. 

 

Focusses / specialisms 

The banking and finance team has an extensive track record in Lithuania advising on all transactional finance areas, including traditional loan facilities, work-outs and alternative restructuring options, regulatory compliance, fintech and blockchain, and cross-border insurance legal matters. 

In M&A, the firm advises across such sectors of the Lithuanian economy as energy, manufacturing, construction, retail, distribution, health, IT and transportation. It is well versed in both buy side and sell side advice, with impressive cross-jurisdictional capabilities. 

 

Triniti Jurexis a pan-Baltic law firm operating across Lithuania, Latvia, and Estonia. It operates in Lithuania from a Vilnius office. The merger of Triniti Vilnius with Jurex in 2020 created Triniti Jurex. 

 

Focusses / specialisms 

The firm is active in several financial and commercial areas including banking, capital markets, M&A and project development. 

 

 

 

Vilnius headquartered law firm Ecovis ProventusLaw is part of the global consulting group Ecovis International. 

 

Focusses / specialisms 

Banking is a key area of specialism, with the team assisting financial institutions and fintech companies in licensing and regulatory compliance.  

The firm is also active in private and public M&A, division or asset sales, reorganisations and private equity venture capital transactions. Areas of sectoral focus include financial services and TMT. 

 

 

 

Established 30 years ago,Ellex Valiunas is a Baltic law firm with offices in Riga, Tallin and Vilnius. 

 

Focusses / specialisms 

The firm has an excellent offering in all financial and corporate areas in Lithuania. 

Its banking team covers the full extent of banking work, including financing transactions, financial regulatory and compliance, and money laundering and terrorist financing prevention. 

The team is active in debt capital markets as well, where recent engagements have included bond issuances and securitisation work. 

Its M&A practice is among the top in Lithuania both in terms of deal volume and profile of transactions. 

In projects, the firm is involved in the development of some of the most complex Lithuanian and regional projects. 

 

Leadell is an alliance of three law firms operating in the Baltic region. Leadell Balčiūnas & Grajauskasservices clients from an office in Vilnius. 

 

Focusses / specialisms 

The firm is active in banking, M&A and project development. The firm’s projects practice has been an area of priority, and strengthening, with the team representing some of the top players in the Lithuanian energy, transport and oil and gas sector. 

 

Sorainenis a multinational business law firm with a presence in Belarus, Estonia, Latvia and Lithuania. The firm was established in 1995. 

 

Focusses / specialisms 

The firm is highly rated across all financial and corporate areas in Lithuania. 

Its standalone finance and insurance practice covers all areas of financial services. 

In capital markets, the firm covers all types of equity and debt offerings and other transactions in the space. 

In M&A, the firm advises on the broad spectrum of corporate workfrom internal corporate structures and shareholder relations to acquisitions and sale of business mandates. 

Project development is also an area of strength and focus for the firm.  

 

Pan-Baltic firm Walless was established in late 2018 in Lithuania by a spin-off of around 30 lawyers from Ellex Valiunas. The firm has grown rapidly and now has a network including branches in Riga, Tallinn and Tartu.

 

Highlights

The firm is a strong player in the Lithuanian financial law sector achieving tier 1 status across Banking and finance, capital markets, financial services regulatory and Project development. The firm has been active on a range of matters including syndicated and project financings, investments, mergers, regulatory advice, acquisitions and both energy and transportation projects.

Deal highlights includes advising in the sale of InMedica Group, the largest private healthcare provider in Lithuania, by Mehiläinen. The transaction marks a significant strategic expansion of Mehiläinen’s presence in the Baltics and growth opportunities in Lithuania's healthcare sector. 

 

Key clients

Vinted, TransferGo, SumUp, RIA, Vilnius City Municipality, Kaunas City Municipality, State Entity Ignalinos atominė elektrinė, Solaris, European Bank for Reconstruction and Development, Swedbank, Siauliu Bankas and Bayerische Landesbank.

 

Testimonials

2025

They stand out for professionalism, responsiveness, and deep expertise in financial regulatory matters. The team consistently delivers work of the highest standard and can be fully relied upon even in time-sensitive or complex situations. What sets them apart is their commitment - I’ve experienced their support even during public holidays or outside regular hours, which speaks volumes about their dedication and reliability. Additionally, their tailored newsletters are a valuable resource, providing timely insights on hot topics and developments relevant to clients’ needs.” - Financial service regulatory

Top notch, one of the best M&A people in the region.” - M&A 

Sharp, out of the box thinking and negotiation tactics and strength” - M&A 

Walless provided pragmatic and commercially focused advice, demonstrating a clear understanding of complex corporate and regulatory issues and communicating risks in a straightforward manner. Their responsiveness and ability to deliver practical solutions were particularly valuable.” - M&A 

Accurate clear answers, communication and results” - PPP/PFI  

We like the fact that they are able to cover numerous tasks at the same time, giving continuity and follow-up to all of them.” - Project development  

Speed in delivering results, good structuring of issues, solutions and outcomes (very clear and constructive deliveries, no unnecessary language), wide and deep digging.” - Asset Finance 

Povilas Zukauskas 

Easy to contact, responsive, immediate and structured approach on issues, constructive delivery of solutions.” 

Joanna Baublyte Kulviete 

She is excellent at identifying risks and has a strong ability to see the full picture, which helps in making well-informed decisions.”

Dovile Burgiene 

Understands business needs and offers professionally creative solutions.”  

Structures deals well and solves problems at strategic level. 

Tomas Balciunas 

He is involved in all of our trial cases, preparing our briefs, responses, hearings and case strategy.” 

2024

“Professional team (especially in areas of regulation of financial services and taxation).”  (Banking and finance client)

“They are very professional, proactive and they have a very good understanding of how the regulatory institution is working and how they are thinking. Our cooperation was always very smooth.” (Financial services regulatory client)

“Walless have significant M&A and renewable energy credentials in Lithuania.  They were really proactive and very responsive to us.  They were really professional.” (M&A client)

“Walless is attentive to clients and offers effective dispute resolution methods.” (PPP/PFI client)

“Extremely skilled and professional with solid industry and regulatory specific background.” - Joana Baublytė-Kulvietė, Head of Banking and Finance Practice Group

“Very knowledgeable on M&A, very responsive, very proactive, happy to engage with us, able to offer solutions.” - Dovile Burgiene, Managing Partner of Lithuania

“Very deep knowledge of the whole regulatory process, responsiveness, very high problem-solving skills.” - Akvile Marozaite, banking and finance associate partner

“Vaidotas is hugely knowledgeable in the renewable energy sector.  But above all, he  was so proactive and regularly brought us updates in the offshore wind sector as they occurred without us asking.  These updates were so appreciated.” - Vaidotas Puklevicius, M&A partner

“Very experienced lawyer with perfect competence in regulation of banking and investment services.” - Gediminas Rečiūnas, Finance partner

“She is responsible, delves into client issues, and is highly knowledgeable in her field.”  - Laura Ziferman, Head of Commercial and Regulatory Team

Founded in 2019, Šenavičius & Partners Response is a Lithuanian law firm led by managing partner Vytautas Šenavičius. The firm was established by Vytautas Šenavičius, who servued as the managing partner. 

Focusses / specialisms

The firm has a particular focus on banking and finance deals. 

 

Founded in 2014, Teset is a Lithuanian law firm lead by managing partner Tomas Talutis. Linked to the firms brand, Teset Capital operates as an independent investment fund and private equity manager that provides specialised legal advice across mid market infrastructure projects. 

Focusses / specialisms

The firm has a focus on financial services regulatory and banking and finance deals.

 

ILAW Lextal is a corporate law firm, the result of ILAW, a firm that has existed since 2011, joining LEXTAL Vilnius in 2021. Today, the law firm has an office in Vilnius and a team of 60 lawyers, which puts it among the 10 biggest law firms in the Baltic states. 

 

Focusses / specialisms 

The firm is focused on corporate and M&A transactions.  

  

 

Motieka & Audzevicius is a corporate law firm founded in 1959, which makes it one of the longest practicing law firms in Lithuania. The firm served in Vilnius and serves both domestic and international clients. 

 

Focusses / specialisms 

The firm is focused on providing financial services advice, primarily on fintech projects.   

   

 

Rödl & Partner is a specialised corporate law and tax firm with an office in Vilnius. It is part of the international law firm Rödl & Partner which was founded in 1977 in Nuremberg by Dr. Bernd Rödl and since then it has opened 107 offices in 50 countries worldwide,where 5,260 lawyers provide advice on tax, audit, regulatory issues and corporate law matters. 

 

Focusses / specialisms 

The firm is focused on corporate and M&A transactions and regulatory advice.   

   

Key clients 

Among the clients of the firm are Lloyd Shoes and Seri-Deco. 

Pan-Baltic firm Cobalt established has an office in Vilnius. It also has branches in Latvia and Lithuania and employs more than 200 lawyers in total.

 

Focusses / specialisms

The firm has experience in advising mainly foreign clients in banking, corporate and M&A, and in project development practice areas.

In banking and finance, it has a track-record of advising international lenders, borrowers and institutional investors on cross-border transactions. 

In corporate and M&A it represents mostly international investors in their roles of buyers and sellers in mergers, acquisitions and corporate restructurings in various industries.

In project development the firm advises foreign investors and developers. 

117 results117 results
1
of
6
Deal Highlights
81 results81 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
IBM - M&A
2021-11-15
Cobalt
Lithuania
M&A
Irmantas Norkus, Sandija Novicka, Toms Šulmanis, Martin Simovart
IBM
Merger party
Media Bitės - M&A
2021-04-01
Cobalt
Lithuania
M&A
Elijus Burgis
Media Bitės
Merger party
Practica Capital - Fund raising
2021-10-05
Cobalt
Lithuania
Fund raising
Akvilė Bosaitė
Practica Capital
Investor
Practica Capital - Fund raising
2021-10-07
Cobalt
Lithuania
Fund raising
Akvilė Bosaitė
Practica Capital
Investor
Practica Capital - Fund raising
2021-10-14
Cobalt
Lithuania
Fund raising
Akvilė Bosaitė
Practica Capital
Investor
Noviti finance - Fund raising
2021-06-18
Cobalt
Lithuania
Fund raising
Akvilė Bosaitė
Noviti finance
Investor
Interactio - Fund raising
2021-05-25
Cobalt
Lithuania
Fund raising
Eva Suduiko
Interactio
Investor
kevin - Fund raising
2021-10-25
Cobalt
Lithuania
Fund raising
Akvilė Bosaitė
kevin
Investor
Practica Capital - Fund raising
2021-12-16
Cobalt
Lithuania
Fund raising
Akvilė Bosaitė
Practica Capital
Investor
European Bank for Reconstruction and Development - M&A
Cobalt
Lithuania
M&A
Eva Suduiko
European Bank for Reconstruction and Development
Seller
Latvenergo AS - Bond issue
2021-05-07
Cobalt
Lithuania
Bond issue
Eva Suduiko
Latvenergo AS
Issuer
BaltCap - Project development
2021-12-28
Cobalt
Lithuania
Project development
Simona Oliškevičiūtė-Cicėnienė
BaltCap
Sponsor
Baltcap - M&A
2021-07-27
Cobalt
Lithuania
M&A
Simona Oliškevičiūtė-Cicėnienė
Baltcap
Acquirer
BaltCap Infrastructure Fund - Project development
2021-10-11
Cobalt
Lithuania
Project development
Simona Oliškevičiūtė-Cicėnienė
BaltCap Infrastructure Fund
Concessionaire
Lithuanian Railways conversion project “Vilnius Connect” - Project development
2022-02-24
Cobalt
Lithuania
Project development
Simona Oliškevičiūtė-Cicėnienė
Lithuanian Railways conversion project “Vilnius Connect”
Project developer
Prosperus Asset Management - Project development
2021-12-13
Cobalt
Lithuania
Project development
Simona Oliškevičiūtė-Cicėnienė
Prosperus Asset Management
Bidder
Union RE Core Fund I - Project development
2021-11-30
Cobalt
Lithuania
Project development
Simona Oliškevičiūtė-Cicėnienė
Union RE Core Fund I
Bidder
BaltCap - Real estate project
2021-12-28
Cobalt
Lithuania
Real estate project
Simona Oliškevičiūtė-Cicėnienė
BaltCap
Sponsor
PV Case UAB - M&A
2021-10-05
Cobalt
Lithuania
M&A
Akvilė Bosaitė, Eva Suduiko
PV Case UAB
Investor
INVL Asset Management - Securitisation
2022-02-24
Cobalt
Lithuania
Securitisation
Akvilė Bosaitė
INVL Asset Management
Initial purchaser
4
of
5
By Firm
12 results12 results
Firm Name Jurisdiction Total Deals Deals (Last 12 Months)
A&O Shearman
1
0
Clifford Chance
1
0
Cobalt
Lithuania
56
0
Dechert
1
0
Ellex Valiunas
Lithuania
1
0
Eversheds Sutherland
1
0
Glimstedt
Lithuania
3
0
Linklaters
1
0
Sorainen
Lithuania
2
0
TEGOS
Lithuania
2
0
Walless
Lithuania
11
0
Wikborg Rein
Norway
1
0
IFLR1000
Latvian and Estonian firms join the Lithuanian firm WALLESS
IFLR1000
Walless and Dominas Levin agree to combine
IFLR1000
Two former TGS partners and partner from AAA Law establish Wint
IFLR1000
bnt promotes from within and changes name as it replaces outgoing name partner
IFLR1000
Walless announces launch of Vilnius office
IFLR1000
Pan-Baltic firm formed by merger
IFLR1000
New alliance formed as Baltic market continues to reorganise
IFLR1000
Head of banking and projects takes up lead role at TGS Baltic in Vilnius
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