As managing partner of Sorainen, I am passionate about our firm’s core purpose – growing prosperity in our region by helping our clients succeed in business. I enjoy working closely with clients and learning about their businesses and industries. Specialising in the fields of mergers & acquisitions (M&A), private equity and foreign investments, I focus on the technology, media & telecommunications (TMT) sector.
Strategic projects in the Baltic region. During my legal career (which also included working at the London office of international law firm Allen & Overy in 2005-2006), I have been privileged to lead our teams in various strategic projects in the Baltic region. These included creation of shared service centres by Barclays and Western Union (the first “flagship investors” in this sector in Lithuania), strategic acquisitions by Providence Equity Partners (who acquired Bitė, a major mobile operator in Lithuania and Latvia, and All Media Baltics, the largest media group in the Baltics), REWE (who acquired IKI, a major retail chain in Lithuania and Latvia) and many others.
Amongst market leaders in transactions. International M&A database Mergermarket ranks me as the leading individual lawyer by number of M&A transactions advised in Lithuania (first place with 35 deals for a total disclosed value of EUR 3.078 billion, during 2000-2019) and also among the Top 3 in the Baltic States and Belarus. I love M&A and private equity transactions and am grateful to clients for entrusting us with these exciting projects.
Helping businesses grow. I also enjoy contributing to venture capital transactions which help to expand startups and other growing companies (and have myself invested in several Lithuanian startups). Fast growth and innovations was also among the reasons for choosing TMT as my key focus sector back in 2014.
Value based approach in daily work. Promoting a client-centred and service-minded culture, sector focus and collaboration within the firm, I also apply these values while working with clients and other advisers. I strongly believe in the saying “collaboration is spreading wealth”.
Recognised by legal directories. Chambers Europe: “Market observers applaud [his] expert legal knowledge and strategic thinking, saying ‘he is more than a lawyer; he has that rare skill of not only pointing out risks but also offering solutions’.” The Legal 500: “He has ‘excellent local knowledge that he is able to convey to multinational clients’.”
- Vilnius University, Lithuania (MA in Law)
- Central European University, Hungary (LLM in International Business Law with distinction)
- Studies at Toronto University, Canada (student exchange programme)
- Harvard Law School (Leadership in Law Firms course)
I am a member of
- Lithuanian Bar Association
- International Bar Association
- YPO Lithuania
- Member of the Board of Lithuanian Business Confederation | ICC Lithuania (2013-2018, honorary award in 2012)
Deals & Cases
Bitė and Telecentras sign agreement to sell MezonDeals & Cases
KPMG Sweden to acquire KPMG member firms in Latvia and LithuaniaDeals & Cases
Bitė and Tele2 enter into partnership for faster 5G network developmentDeals & Cases
Barclays transfers Rise Vilnius startups hub to SwedbankDeals & Cases
NanoAvionics secures investment from AST&Science and expands to the USDeals & Cases
The Legal 500 Podcast: Interview with Laimonas Skibarka. Why major law firms in the Baltics and Belarus didn’t cut salaries and staff during the coronavirus crisis and how the legal market in this region is doing nowPublication
TMT sector trends and recent transactions in the Baltics and BelarusPublication
The European Electronic Communications Code to boost connectivityPublication
EU Copyright Directive to create new obligations for technology and online media companiesPublication
Overview of deal market in Baltics 2018Publication