Thirteen lawyers from Glimstedt, one of the most renowned law firms in Estonia, join PwC Legal Estonia. Long time Glimstedt partners Indrek Leppik and Priit Lätt become partners at PwC Legal Estonia
PwC Legal is the largest law firm in the world by geographical coverage, operating in 90 countries. During the last years PwC Legal has globally grown from 2000 to 3500 lawyers and partners of traditional top tier law firms join PwC Legal around the world.
According to the managing partner of PwC Legal Baltics Karl J. Paadam, this is a pivotal moment in Estonian legal services history. „The move is driven by the interest and demand from clients to which we wish to offer the best solutions together. The joining of Glimstedt’s key people means expanding our core competencies and strengthening the position of our law firm on the local market. The success of PwC Legal globally signals a shift in the legal business, which has long been considered exclusive. The change is driven by the increase in cross-border business and a demand for the increase in the understanding of tax and financial advice” says Paadam. According to Glimstedt partner Priit Lätt, the development of the legal services market and the business model that is still new to Estonia, has already proven itself in other parts of the world. “We wish to bring the future into this day and deliver our knowledge and experience to the clients in a more accessible way. This enables us to provide „more-for-less“ for our clients – more legal services with less cost“ said Lätt.
In Estonia, PwC Legal has become a top 10 law firm in just four years since its establishment. The revenue of PwC Legal Estonia was 1.4 million euros last year. The revenue of Glimstedt at the same time was 1.2 million euros.
The managing partner of PwC Legal Baltics is Karl J. Paadam. PwC Legal Estonia was established in 2012 by Paadam after which the law firms in Latvia and Lithuania were established. PwC Legal Baltics joined PwC Legal CEE in 2015 where Paadam is one of ten equity partners in charge of 28 countries and a revenue of 37 million euros. Karl has a substantial portfolio of Estonian and international technology companies.
Another partner of PwC Legal Estonia, Viljar Kähari, was the head of the Restructuring Department of Nordea Bank before joining PwC Legal.
Priit Lätt is the founding partner of Glimstedt Estonia and an attorney at law. Priit has 19 years of experience and is a renowned specialist in IP, IT law (among others, internet of things and cryptocurrencies), tax law and public procurement law, representing and advising Estonian and international companies and public institutions. Priit has also significant experience in representing clients in disputes which have created precedents at the Supreme Court, including the constitutional review chamber. Priit was the only attorney involved in a workshop, which developed standard terms and conditions for software development public procurements in Estonia. International rating catalogues have continuously rated Priit as a tier 1 attorney in IP, IT and tax law. The Tax Directors Handbook considers Priit to be one of the 250 leading tax lawyers of the world since 2009. Priit has made numerous presentations at seminars and conferences as well as published several articles on various legal issues. Priit is a lecturer of IT law at the University of Tartu. Priit is also a founder and board member of many specialist associations (e.g. Internet of Things NGO and Estonian Cryptocurrency Association).
Indrek Leppik is an attorney at law and partner of Glimstedt Estonia, and has been involved in litigation work since 1997. Indrek has extensive experience in the field of dispute resolution and has been the head of Glimstedt litigation practice group. Indrek participates in the preparation of litigation strategy and mainly represents clients in commercial, business, and administrative law disputes.
Indrek has successfully represented clients in several constitutional review proceedings leading to the abolition of unconstitutional legal provisions that were harmful to his clients’ interests. Indrek has successfully represented credit institutions, insurance companies, and other businesses in landmark cases of considerable value. In addition, Indrek advises and represents clients in disputes concerning economic crime and crimes of public office.
More information:
Karl J. Paadam
Managing Partner, PwC Legal Baltics
Advokaadibüroo PricewaterhouseCoopers Legal OÜ
Pärnu mnt 15,10141 Tallinn, Estonia
http://www.pwclegal.ee