2013 — 10 — 17
COBALT receive best rankings from Thomson Reuters, Mergermarket and IFLR1000

Three major law, business and market research directories rank law offices COBALT as leading legal advisors in Central and Eastern Europe. Thomson Reuters, Mergermarket and IFLR1000 reveal latest data on leading law firms throughout Q1 – Q3 2013.

According to the latest data announced by Thomson Reuters, the world’s leading business news and market research agency, COBALT law offices maintain their leading position and are ranked second among the best legal advisers in terms of the volume of advised mergers and acquisitions (M&A) deals in Eastern Europe.

In evaluating the performance of leading law firms in the third quarter of 2013 Thomson Reuters included those M&A deals which involve transactions with an assigned rank value of up to USD 50 m (Small-Cap Review) and transactions with an assigned rank value of up to USD 500m (Mid-Market Review).

COBALT law offices operating in Lithuania, Latvia, Estonia and Belarus were also named among the best in Europe’s TOP50 ranking of M&A law firms.

Until October this year, twenty-one deals of COBALT law offices matching Thomson Reuters criteria were credited with a total value of USD 49.1m.

According to the latest mergermarket Q1 - Q3 M&A Trend Report, COBALT is ranked among TOP5 law firms in the CEE region by deal volume.

Furthermore, based on the report of international M&A directory Mergermarket, COBALT law offices maintain the leading position in this field among Baltic law firms.

In evaluating the performance of CEE law firms during the three quarters of 2013, Mergermarket included those M&A deals the value of which exceeded USD 5m (per single transaction).

Until 1 October 2013, COBALT law offices advised on 11 deals in total which meet Mergermarket research criteria. The total value of the deals advised on amounts to USD 1.15 billion.

According to the latest data announced by International Financial Law Review 1000 (IFLR1000), the world's leading finance and banking law guide, in October this year, COBALT law offices maintain the highest rankings in the fields of finance, banking, and M&A law.

IFLR1000 is one of the most prestigious guides to firms active in finance and banking, which every year nominates the best law firms advising on corporate finance matters. The guide evaluates the work of legal advisers by conducting quality research based on the results of major deals completed by law firms during the year and of a survey of clients.

Dr. Irmantas Norkus, Managing Partner COBALT Lithuania office: ‘We always strive to work every case with the highest involvement possible. Quality is our main scope and the rankings received only prove that we are moving in the right direction. We are very pleased to receive such high rankings and we understand that these evaluations are the guidelines for us to follow in the future. We are very well aware that we cannot do equally well, we have to do even better now‘.