In a move scheduled to start in February, TGS Baltic is welcoming aboard a significant team of lawyers from PwC Legal Estonia.
As a result of this move, TGS Baltic announced the combined team will "grow to 80 people, making it one of the largest law firms in Estonia."
According to TGS Baltic, "PwC and PwC Legal have jointly decided to separate the legal firm PwC from the network due to a significant increase in demand for litigation services, which, in connection with PwC's broad client base, increased the potential for conflicts of interest. In order to avoid such risks, PwC will in the future focus on providing legal services on consulting that supports its main areas of activity, but will exit the disputes business and thereby also cease operations as a full-service law firm."
"The separation of the legal firm will not impact PwC's core services, which include audit, business consulting in transactions, taxation, accounting, and the ESG sphere," commented PwC Estonia Managing Partner Teet Tender. "Our relationship with the lawyers from PwC joining TGS Baltic remains very good, and we will continue to collaborate in the future."
"Rapid technological development and the intertwining of various subject areas make the modern legal landscape increasingly specialized," TGS Baltic Managing Partner Sander Karson added. "Understandably, client expectations are growing in terms of the volume and detail of legal services and, by expanding our capabilities, we can better meet those expectations."
"The experience and competence gained from PwC Legal in advising clients in collaboration with external experts create a good foundation for solving increasingly complex and cross-border issues in clients' businesses," PwC Legal Managing Partner Karin Marosov said. "The combined team provides sufficient resources to serve clients quickly and by top experts in their field, ensuring a balance between the work and personal lives of lawyers. Increased revenue and efficiency also give us the opportunity to support important community and charity initiatives."
