AstapovLawyers has announced its merger with Baltic Business Group, a European firm with offices in Germany and Latvia, which will simultaneously rebrand as "Eterna Law". The merger became effective on May 16, 2016.
According to a statement released by AstapovLawyers, “the combination and the resulting strengthening of the Group with the offices in Dusseldorf and Riga are to meet the expectations of businesses that are heavily considering the possibility of entering European markets.” The firm also stated that “the two law firms coming together under a common brand name was a strategic goal for the Group that always strives to expand its geographical presence and product range for the benefit of clients. This is a logical step on the way to creating a full-service law firm present in Europe and the CIS. The Group's presence in the two key business countries of Europe will offer an opportunity for clients to obtain advice in these states directly and will allow for more efficient use of EU funds. Germany and Latvia are among most business friendly countries in the world standing at 15 and 22 in the aggregate ranking on the ease of doing business, respectively."
With the addition of AstapovLawyers’ offices, Eterna will have five offices — with one each in Kyiv, Almaty, Moscow, Dusseldorf, and Riga. Eterna also announced an intention to expand its European presence further, and reported that the opening of a Vienna office is “forthcoming."