Spit and Polish

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  • Couldn't W&C find someone from their Warsaw office to comment about Poland? Oh, I forgot, they just lost a banking team to Eversheds.

    Jan Matejcek must have at least one guy in Warsaw he could have tapped for a quote.

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  • It is interesting to note that the other big US firms, like Sullivan & Cromwell, have yet to announce any plans for Warsaw. They'd better hurry. Warsaw and Poland is growing by leaps and bounds and will continue to do so.

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  • Poland definitely has the fundamentals to be the biggest player in the region. A extremely well educated population coupled with a built in spirit of enterpreneurship guarantees success of the population. Warsaw has become the financial hub of the region and is quickly becoming the Frankfurt of central Europe. This country is definitely doing something right. It was the only country to avoid recession during the recent downturn and even had positive GDP growth. Do you know that this is the only country that has fiscal responsibility built into the consitution? Gross debt to GDP cannot rise above 60%. Dozens of US and other gas/oil companies are currently frantically searching the country for shale gas as the recent predictions say that Poland has a total of 3-5 trillion m3 of the fuel. The estimates mean that the country could support its gas needs, depending on the actual finds, from 100-300 years. This country will very soon be energy independent and become a huge exporter of the fuel. Whatever the estimates this is hugely positive for Poland and the region. Business for law firms will explode as soon as the gas starts to flow. As the rest of the world burns the Poles celebrate. What a brilliant people. As to the other big US firms moving in I cannot agree more. Slow movers such as Sullivan & Cromwell better get there ducks in a row and begin to grow otherwise they will be left in the dust. If I were Mr. Joe Shenker I would take notice as his competition is quickly doing just that. Poland is definitely the place to be and Warsaw is the future.

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  • I definitely agree with the statements made in the article and the comments below. It is 2012 and as the rest of the continent burns Poland continues to grow like it is on mega doses of vitamins. Law firms are swooping in as it makes much more sense to have a local presence than to handle the flood of work from far away offices such as London or Franfurt. Poles seem more trusting of firms planted down on the home soil as well. It is amazing to see that in just a few short years this country has become the powerhouse and economic engine of Central Europe. A stable government, stable currency, the leading stock market of the region and strong economic fundementals have all proven the worth of the ONLY country to avoide the great recession gripping the rest of the continent. Welcome to Warsaw. You have arrived at your final destination.

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