Finland’s largest law firm Roschier Holmberg has launched an alliance with firms from Estonia, Latvia and Lithuania as the Baltic Rim edges closer to EU accession.
The Finnish Baltic alliance was announced the day after the creation of another new Baltic alliance called the Lawin Group, which is between Lithuania’s Lideika Petrauskas Valiunas & Partners, Latvia’s Klavins & Slaidins and Estonia’s Lepik & Luhaäär.
Roschier’s cross-border operation will be called RoschierRaidla and will draw on the services of Roschier, Estonia’s Raidla & Partners, Latvia’s Lejins Torgans & Vonsovics and Lithuania’s Norcous & Partners.
The firms comprising RoschierRaidla will be equal partners working towards what will effectively be a merger of the four firms.
“The final structure we haven’t resolved yet… I don’t think that [differing profits] is a bar towards anything, because if you want structural change and cross-ownership, you can always find solutions to what differences exist locally,” said Roschier senior partner Tomas Lindholm.
Roschier houses 100 lawyers out of the combined four firms’ 150 attorneys. The Finnish firm has fostered a relationship with 30-partner Raidla since the latter was founded in 1993, after Estonia was granted independence from the Soviet Union. The bond between the two firms has developed over the last 18 months into a best friends relationship as the two firms prepared for the alliance.
Lindholm commented: “The vision is that there’ll be considerable growth. The major part of that growth will be from the Baltics, because Finland is a relatively mature market and can not expect much growth.”
RoschierRaidla is the latest expansionist move by Finnish firms cementing historical and cultural ties with the Baltic region.
Late last year, Helsinki’s Borenius & Kemppinen went one further than Roschier by securing joint ownership in two 12-lawyer practices in Latvia and Estonia.
The Latvian firm is called Liepa Skopina Borenius and the Estonian firm Luiga Mugu & Borenius. Borenius is now finalising a merger in Lithuania.
|The firms in brief|
Roschier Holmberg (Finland)
Raidla & Partners (Estonia)
Lejins Torgans & Vonsovics (Latvia)
Norcous & Partners (Lithuania)
The Lawin Group:
Klavins & Slaidins (Latvia)
Lepik & Luhaäär (Estonia)
Lideika Petrauskas Valiunas & Partners (Lithuania)