Summary: DLA Piper creates merger with Czech law firm Haskovcova in Prague. The Prague office will start offering tax advisory and other new services following the merger. The expansion may fill in a strategic gap created in the local market after both Hogan Lovells and Norton Rose Fulbright closed shop in Prague earlier this year.
DLA Piper consolidated its market position in Europe by conducting a merger with leading Czech law firm Haskovcova & Co. The merger takes effect from September 1, with two partners and seven lawyers from the Czech firm joining the Prague office of DLA Piper.
Thu Nga Haskovcova the founding partner of Haskovcova & Co. will now be the Country Managing Partner of DLA Piper in Prague, and Petr Sabatka will head the Litigation and Regulatory Group. Haskovcova is a corporate attorney specializing in project financing, real estate and mergers & acquisitions.
Commenting on the merger, Krzysztof Wiater, DLA Piper's Regional Managing Partner for CEE said the merger was "a strategic move for both firms." He added, "The overarching goal is to channel the strengths of both previously existing firms into a newly established partnership, offering a full range of first class services to our clients in the Czech Republic and throughout the CEE region."
The firm said that following the merger, DLA Piper in Prague will now start offering tax advisory services in addition to the services of a stronger Litigation & Regulatory group.
Haskovcova, the new Country Managing Partner said, "This is a monumental step for us. We are delighted at the prospect of this new venture, and I am confident that DLA Piper Prague will become a more competitive player in the CEE legal market."
According to the news release made by DLA Piper on the merger, the Prague unit is "a key part of the firm's presence in the CEE region." DLA Piper in Prague provides legal services to both local and international clients in critical legal areas like mergers and acquisitions, finance, labor law, intellectual property and technology, competition law, general corporate law and real estate.
Prague has not been particularly kind to big law in recent news. In April this year Norton Rose Fulbright closed shop due to market difficulties and in the following month Hogan Lovells closed office after its local team left to float their own law firm.
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