COBALT was recognized as Baltic Law Firm of the Year 2019 at The Lawyer European Awards in London on 19 March.
The judges praised COBALT for its “excellent” transaction list, strategic focus on technology, and “impressive” diversity – creating the “strong momentum” that has propelled COBALT to the top of the region’s firms.
“With four offices in Estonia, Latvia, Lithuania and Belarus, COBALT has one of the most developed offerings across the region. A consistently outstanding performer in terms of major cross-border deals for clients such as BaltCap, Morgan Stanley, Luminor Bank, Goodyear, DiDi Chuxing and Lidl, COBALT is regularly called to work on transactions with elite global law firms.”
“While maintaining its strong corporate focus, the last few years have seen the firm’s parallel investment into new areas of law. There has been a particular focus on both tech law and legal tech; COBALT hosted the first-ever legal hackathon in the region, runs a blockchain task force with over a dozen active projects, and has made meaningful investment into AI to enhance the efficiency of its M&A due diligence processes. COBALT’s diversity statistics are impressive, with over a third of the partnership now female.”
Martin Simovart, Partner and Head of Global Relations of COBALT said, “This fantastic achievement reflects the tremendous work and dedication of everyone at COBALT. The last three years have been very exciting in representing the region’s most landmark and complex deals. The award recognises our position at the very top of the Baltic legal market.”
Dace Silava-Tomsone, Managing Partner of COBALT Latvia office, stated: “This award is evidence of the great team we have in Estonia, Latvia and Lithuania, and the quality of our offering and our commitment to the highest levels of client service. We are delighted with this very well-deserved recognition by The Lawyer.”
“We are truly honoured to win this prestigious award. The recognition confirms that the development pace chosen by our firm is correct. We aim to respond fast, provide creative and integrated solutions and deliver value. Given our core strategic focus, our reputation for innovation is very important to us,” said Dr Irmantas Norkus, Chairman of the Board and Managing Partner of COBALT Lithuania office.
Each year The Lawyer European Awards showcase the impressive achievements of Europe's finest within the legal industry and recognize the best law firms in each European jurisdiction. This year marked the 10th anniversary of their annual awards.
Find out more about this year’s winners here.