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“A highly competent and flexible team.” (IFLR1000, 2016)

01.10.2020

WALLESS – new Baltic leading legal team focusses on international business

Fast-growing Baltic law firms Derling Primus (Estonia) and Primus Derling (Latvia) join forces with Lithuanian law firm WALLESS, to form an alliance under joint brand WALLESS. The firms will be integrated in a way that allows for holistic solutions for international business, so as to become the preferred choice for regional and international clients.

The change will mean more than a new name in the market – the foundation for WALLESS is a joint business strategy. The three firms have a common vision of a modern legal practice that is based on client-earned trust, openness, innovation and kept promised.

According to Piret Blankin, the managing partner of WALLESS Estonia, the three merging parties represent the fastest growing law firms in the Baltics.

“We do not give empty promises and stick to offering our clients straightforward and comprehensive legal advice,” said Blankin. “Over the last years we have earned a reputation of lawyers who are focussed on business and are disinterested in politicking or other intrigues. We are looking for solutions that satisfy all parties. WALLESS Lithuania and their borderless attitude is an ideal fit for us. The new partnership borne out of this allows for our fast development to continue, as our goal is to be the best Baltic law firm, which remains the customer’s preferred choice in also the most complicated of challenges.”

The legal service offered by the three WALLESS national firms is characterized by a holistic understanding of the client, a deep understanding of their interests and their business. With such an understanding the legal service is not restricted to resolving single issues and represents a comprehensive approach and offering the best possible solutions for the customer.

Dovilė Burgienė, the managing partner of  WALLESS Lithuania, sees that the development of a borderless, truly integrated law firm is important for regional and International customers. “WALLESS brings together legal forces that have in common initiative, uncompromising quality and a working ethic. Regional and international clients view the Baltics as a single market and so do we. Now WALLESS is borderless all over the Baltics.”

Background info:

DERLING PRIMUS, to be known as WALLESS Estonia (the change will be implemented after a technical transition period)  was founded as Derling in 2016, after separation from TGS Baltic. Its core partners have more than 20 years of experience. The firm has been the fastest-growing legal services business in Estonia, presently placing among the five largest law firms.

Remarkable achievements:

  • advising the sale of Transiidikeskus terminal operator to HHLA Hamburger Hafen und Logistik, which is one of the largest deals in the Estonian logistics sector to date
  • advising the €50m secured bond issue by Nortal, the region’s leading technology group
  • contributing into the development of Estonia’s fund and covered bonds legislation and helping bring about many positive changes to the Estonian capital markets landscape.
  • representing the relatives of the victims of the passenger ship Estonia in their desire to seek a new investigation into the reasons for the tragedy
  • advising and representing private businesses in related to regulatory restrictions and public sector competition in various business areas (renewables, media, education, healthcare etc)

 WALLESS Lithuania was established by the group of partners who in 2019 separated from Ellex Valiunas in Lithuania. Throughout 2019 and 2020, the new law firm WALLESS has doubled its capacity and now is among the top five in Lithuania.

Remarkable achievements:

  • advising American fintech company Square, Inc. on the acquisition of the Spanish payment app Verse with a European license in Lithuania
  • assisting the consortium of Spanish companies Elecnor and Abengoa on signing of €363m contract with LTG Lithuanian Railways
  • consulting the syndicate of international banks on the issue of €300m senior unsecured bonds of energy group Ignitis and later on the IPO of the same group which is to become the largest IPO in the history of the Baltics.

PRIMUS DERLING, to be known as WALLESS Latvia, was launched in 2009, after a split of the then-largest Latvian law firm Loze, Grunte & Cers. Having operated as Primus, the firm has partnered with Estonian Derling since 2018.

Remarkable achievements:

  • Providing assistance to the supplier of 32 new electric trains Skoda Vagonka (total contract amount €240m)
  • Providing assistance to the designer and general contractor of the Rail Baltica Riga railway bridge and Riga Central Passenger Station (the largest construction contract in Latvia, €430.5m)
  • Providing legal advice in the successful IPO of AS Madara Cosmetics in Nasdaq First North.

You can find more information on WALLESSi from our website www.walless.com.

Media queries:

Managing partner Piret Blankin
piret.blankin@derling.ee
Tel +372 5141 979