A former senior associate from Clifford Chance’s Warsaw office has left the firm to take over as managing partner at local firm Lukowicz Swierzewski & Partners (LSP).
Adrian Krzyzanowski, a banking and real estate lawyer who spent ten years at Clifford Chance in Warsaw and London, has taken over from Olgierd Swierzewski in the management position. Swierzewski will remain with the firm in the role of senior partner.
LSP has eight lawyers and two partners spread across offices in Poland, Bucharest and Sofia. Krzyzanowski said he will focus on growing the firm’s banking, real estate and enforcement proceedings practices before looking to recruit more lawyers.
“The banks need to start lending again,” he stated. “There are a number of banks that have access to cash and currently they’re cherry-picking the best investors, but it can’t be quiet for ever. Portfolios are cheap at the moment and it’s a good time for investors to go shopping, plus the Warsaw Stock Exchange is moving in the right direction.”
Krzyzanowski is also hoping that his experience of Islamic finance will bear fruit later in the year.
There are currently only a few sharia-compliant deals being done in Poland, most notably the purchase of the Gdynia and Szczecin shipyards by the Qatar Investment Authority, but more investors from the Middle East could be interested in the low prices.
“When they come, we’ll be ready,” Krzyzanowski added.