Pan-Baltic firm Walless was established in late 2018 in Lithuania by a spin-off of around 30 lawyers from Ellex Valiunas. The firm has grown rapidly and now has a network also including branches in Riga, Tallinn and Tartu.

Focusses / specialisms

The firm has a track record of deals in banking and finance, corporate and M&A, and in project development.

In banking and finance it has a track record in advising mostly foreign banks and private equity funds but also large Lithuanian companies – as lenders and as borrowers – on obtaining licensees, financings and acquisition financings.

In corporate and M&A it advises foreign clients from all over Europe on ranging from acquisitions of assets to cross-border joint ventures in all industries.

In project development it advises developers and also contractors on acquisition of land and renewable energy plants, concessions, and on the development and implementation of projects in energy, renewable energy and social infrastructure.

Key clients

Among its clients are Lithuanian Public Investment Development Agency, BayernLB, BNP Paribas, J.P. Morgan, Luminor, European Bank for Reconstruction and Development, Akcine bendrove Vilniaus Baldai, Euronet Worldwide, RIA Lithuania, Security Holdings and Barings BDC.

Research period review: 33rd edition (2023/2024)      

During the research cycle the firm was active in banking and finance, capital markets, corporate and M&A, and project development.

In banking and finance, the firm has been active in acquisition financing, project financing, direct financing and refinancing.

In capital markets the firm has been focusing on various types of bond issues including convertible bonds issues, floating rate bonds issues and subordinated bonds.

In financial services regulatory the firm has mainly attracted clients from the financial services industry. The firm has been advising them on issues such as bank licensing, payment institution licensing, regulatory investigation, and crypto currency rules.

In corporate and M&A the firm has been particularly active in technology and telecommunications, manufacturing, IT, and healthcare.

In project development, the firm advised companies from industries such as construction materials, social infrastructure, energy, industrial and manufacturing.

Deal highlights: 33rd edition (2023/2024) 

Swedbank $81.2 million bond issue

Groupe Bruxelles Lambert $1 billion acquisition of Affidea

Client feedback: 33rd edition (2023/2024) 

Banking and finance

"Professionalism, constructiveness, understanding of the client's needs, timely response, finding and offering the best solutions for the client."

Financial restructuring

"They are responsive, have good depth of expertise in different areas which they rapidly bring to bear, and they are well respected by the Lithuanian financial regulator."

M&A

"A healthcare expert boutique law firm, pragmatic and solution-orientated, extremely responsive and flexible, cost efficient."

"Great responsiveness, very efficient"

"They are fast and professional."

"Good knowledge of legal system and legislation, also good practical skills and knowledge."

"Accurate, business-orientated, great coordination and feedback."

"Great responsiveness and knowledgeable on their area of expertise."

"Proficiency, deal-closing attitude, business-focused professionals with strong legal know-how."

Private equity

"Evaluation and detailed analysis of contracts to discover weaknesses for case if things go wrong."

Project development

"Experienced in regulatory field, down to earth and hands-on when it comes to problem-solving."

"Expertize, dedication, accountability.”

"Always gets to the point and provides qualified services."

"Provided services timely and professionally, keen on subject matter."

"Deep knowledge of the relevant matters."

Dovilė Burgienė

"Healthcare expert, M&A expert, pragmatic, hands-on problem-solver, strong guidance, extremely reactive."

Tanel Kask

"Highly responsive, brilliant advocacy, professional and very attentive."

Evaldas Klimas

"Evaldas Klimas is the leading expert in his area in Lithuania, very deep knowledge of his field (practical and theoretical), very responsive, easy to access, very well informed about the market."

Sintija Radionova

"Very bright and efficient"

Gediminas Rečiūnas

"Very high professional qualification, constructiveness, understanding of the client's needs, finding and offering the best solutions for the client."

Domas Sileika

"Smart, productive and dependable."

Toomas Taube

"Keeps process proactively under control."

Laura Ziferman

"Very qualified and responsible."

"Customer and result-orientated, professional knowledge, vast experience."

"Laura has good knowledge on the matter relevant to us."

Povilas Zukauskas

"Well organised, business-orientated, problem-solving."

"Fast, professional, competent."

"He has great skills in the subject matter, quick thinking, good responsiveness. He is very experienced."

"Great responsiveness and knowledgeable within his field of expertise."

"Calm approach and very strong negotiation skills, business-minded attitude."