Region: Baltic States
Last year’s heated dispute between the Ukraine and Russia over gas supplies was the latest in an series of arguments that has affected the energy supply to dozens of EU countries.
Countries that rely on gas from Russia have been looking internally at new sources of power, not least the Baltic States in northern Europe: Estonia, Latvia and Lithuania. However, as we discover in this article, funding is now hard to come by and with sparks flying among the governments and their respective privatised energy companies, the deals have stalled leaving energy lawyers in the dark.
Practice area: Partnerships
With firms ranging from the small regional outfit to the magic circle heavyweights restructuring their partnerships, the model’s resilience is being tested to the full. Chopping partners out of the equity and ditching underperforming practices can wreck morale. But, as this article reveals, by achieving cost reductions carefully, this downturn is the ideal opportunity to reshape the way law firms operate.