By a difference of only one transaction, SORAINEN stands close behind CMS, a leading international law firm with over 40 offices in 23 countries in Europe.
SORAINEN is a leading regional business law firm with fully integrated offices in Estonia, Latvia, Lithuania, and Belarus.
Thomson Reuters rankings are based on the number of closed business transactions with a value under USD 500 million that law firms advised on during 2012.
In 2012, SORAINEN handled 28 transactions in Eastern Europe with a disclosed total value of over EUR 144 million.
The firm's most notable transactions include the Fortum strategic sale of Fortum Energiaratkaisut and Fortum Termest for EUR 200 million (the largest closed transaction in the Baltics in 2012); Sanoma’s sale of its kiosk, book, and press distribution operations in the three Baltic States for a combined value of around EUR 140 million (the second largest Baltic transaction in 2012); the Tallink Grupp acquisition by Baltic Cruises Holding LP for approx EUR 117 million; Chevron’s strategic investment through acquisition of the Lithuanian hydrocarbons exploration company, and others.
According to the Thomson Reuters Nordic league tables, SORAINEN is also the highest-ranking Baltic and Belarusian law firm in the Nordic region. It stands 12th in the league table with 19 deals advised on at a total value over EUR 225 million.
