Ellex

What Ellex does

Ellex is a private law firm alliance operating across the three Baltic States through three member partnerships: Ellex Raidla Advokaadibüroo OÜ in Estonia, Ellex Klavins in Latvia, and Ellex Valiunas in Lithuania. Founded in 1990 (firmographic founding year cited as 1993) and operating from offices in Tallinn, Riga, and Vilnius, the firm employs over 250 professionals and rebranded under the unified Ellex brand in 2024. It provides full-service legal advisory organized into Transactions (M&A, capital markets, private equity, finance, tax, venture capital), Disputes (arbitration, litigation, shareholder conflicts, tax disputes), Regulatory (banking & financial services, competition, data protection, ESG, energy), and Industry specializations spanning energy, financial institutions, life sciences, technology, transport, and infrastructure.

Ellex's core product is partner-led legal advisory, with no proprietary technology platform; revenue is generated through hourly-rate and fixed-fee engagements delivered directly by partner and associate teams. Marquee enterprise and institutional clients include Nasdaq CSD SE, Tallink Grupp AS, Bolt Technology OÜ, Thermo Fisher Scientific Baltics, Ignitis Group, Fitek, Sunly, Graanul Invest, and Defendec. Recent mandates include advising on the EUR 120 million Ignitis/Quaero Vilnius Cogeneration Power Plant transaction, the Fitek acquisition of Banqup's Baltic operations, the EUR 300 million Sunly renewable-energy financing, and Apollo Global Management's acquisition of Graanul Invest. The firm ranked #1 in CEE deal count in Mergermarket and LSEG Q1 2026 and has 65 professionals ranked across 8 practice areas in Chambers Europe 2026. Customer acquisition is partner-led, supported by industry rankings, thought-leadership content, and conference participation in Baltic fintech, AML, and energy forums.

Name

Ellex

Legal name

Ellex Raidla Advokaadibüroo OÜ (Estonia), Ellex Klavins (Latvia), Ellex Valiunas (Lithuania)

Website

https://ellex.legal

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

251–500 employees

Short description

Ellex is a private full-service law firm alliance with 250+ professionals across Estonia, Latvia, and Lithuania, advising enterprise and institutional clients on M&A, capital markets, disputes, and regulatory matters — ranked #1 in CEE deal count by Mergermarket/LSEG Q1 2026.

Ownership category

akta.pro rank

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Legal Advisory Services: Ellex generates revenue through billing for legal advisory services including M&A transactions, capital markets, disputes, regulatory compliance, and industry-specific counsel. Fees are typically charged on an hourly basis or fixed-fee arrangement for defined engagements. As a professional services firm, revenue is recurring through long-standing client relationships and repeat mandate capture.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Ellex is a full-service law firm alliance operating across Estonia, Latvia, and Lithuania through three member partnerships (Ellex Raidla, Ellex Klavins, Ellex Valiunas) with 250+ professionals. The firm delivers legal advisory services spanning transactional work (M&A, capital markets, private equity, finance), dispute resolution (arbitration, litigation, insolvency), regulatory compliance (banking, competition, data protection, ESG, fintech), and industry-specific counsel for energy, life sciences, technology, defence, and infrastructure sectors. Services are billed hourly or on a fixed-fee basis per engagement, delivered directly by partner-led teams in each Baltic capital.

Product overview

Ellex is a full-service law firm operating as a regional alliance across Estonia, Latvia, and Lithuania, consisting of three member firms: Ellex Raidla (Estonia), Ellex Klavins (Latvia), and Ellex Valiunas (Lithuania). The firm provides comprehensive legal advisory services organized into four main practice areas: Transactions (including M&A, Capital Markets, Real Estate, Private Equity, Finance, Corporate Governance, Tax & Structuring, Venture Capital & Start-ups, and Wealth Management), Disputes (covering Arbitration, Litigation, Mediation, Corporate Crimes, and various specialized dispute resolution services), Regulatory (encompassing Banking & Financial Services, Blockchain/Digital Assets, Competition & State Aid, Data Protection, Cybersecurity & IT Law, Energy & Infrastructure, ESG, FinTech, Life Sciences, and Public Procurement), and Industry Specializations (serving Agribusiness, Automotive, Banks & Financial Institutions, Consumer & Retail, Defence & Space, Energy & Utilities, Healthcare & Pharma, Industrials, Infrastructure & Transport, Insurance, Real Estate & Construction, Technology, and Telecoms sectors). The firm employs over 250 professionals and operates offices in Tallinn, Riga, and Vilnius.

Differentiator

Problem solved

Functional benefit

Products and services

• Transactions Practice

Quantifiable outcome

• Led CEE rankings by deal count in Mergermarket and LSEG Q1 2026
• +1 more outcomes

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered notable and minor.

• FiteknotableStrategic or Co-development Partner · 26 March 2026Ellex advised Fitek, an Estonian fintech company specializing in e-invoicing and purchase invoice management solutions, on its acquisition of Banqup Group's Baltic operations covering Unifiedpost AS in Estonia, Unifiedpost AS in Latvia, and Unifiedpost UAB in Lithuania. Stibbe reportedly advised Banqup in the transaction.
• StibbeminorImplementation/ SI/ Consulting Partner · 26 March 2026Stibbe reportedly advised Banqup Group in the transaction in which Fitek acquired Banqup Group's Baltic operations. Ellex advised the buyer (Fitek).

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Triniti (law firm): Triniti is a leading Lithuanian law firm and a direct competitor to Ellex Valiunas in Lithuania specifically, with growing cross-border practice. It competes head-to-head for Lithuanian M&A, regulatory, and dispute mandates.
• BNT Attorneys in CEE: BNT is a full-service regional law firm with established Baltic offices. It competes with Ellex across corporate, regulatory, and disputes work and serves similar mid-market and enterprise client profiles.
• TGS Baltic (TGS): TGS (formerly TGS Baltic) is a long-established full-service law firm operating across the three Baltic States. It overlaps substantially with Ellex on corporate, M&A, and regulatory work and is among the regional firms named in the same Mergermarket/LSEG CEE deal-count rankings.
• Sorainen: Sorainen is the largest full-service law firm in the Baltics (and broader Baltics+Belarus region) and Ellex's closest direct competitor. Both firms compete head-to-head for tier-1 M&A, regulatory, and dispute mandates across Estonia, Latvia, and Lithuania, and rank in the same Chambers Europe bands.
• Cobalt (law firm): Cobalt is a leading Baltic full-service law firm with offices across Estonia, Latvia, and Lithuania. It competes with Ellex directly on M&A, banking & finance, and dispute resolution mandates, and ranks alongside Ellex in CEE deal-count league tables.
• Walless: Walless is a Baltic-origin full-service law firm (rebranded from previous forms) with offices in Estonia, Latvia, and Lithuania. It provides comparable transactional, regulatory, and dispute advisory to enterprise clients and competes with Ellex for similar mid- and top-tier mandates.

Broad incumbents

• Deloitte Legal: Deloitte Legal is the legal arm of a Big Four advisory network with regional CEE/Baltic coverage, offering integrated legal, tax, and consulting services. It competes with Ellex for corporate governance, M&A integration, and regulatory mandates, especially where multi-disciplinary delivery is valued.
• Bird & Bird: Bird & Bird is an international law firm with Baltic affiliate arrangements serving tech, life sciences, and regulated-industry clients. It overlaps with Ellex in telecoms, TMT, life sciences, and fintech mandates that require cross-border coordination.
• Clifford Chance: Clifford Chance is a Magic Circle law firm with strong CEE/Nordic capability. Although it does not focus exclusively on the Baltics, it wins the largest cross-border mandates touching Baltic clients and competes with Ellex for CEE hub-and-spoke transactions.
• Eversheds Sutherland: Eversheds Sutherland is a global full-service law firm with established Baltic presence (notably in Lithuania). It competes with Ellex for larger cross-border M&A and energy/regulated-industry mandates where international scale matters, though it does not specialize in the Baltics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ellex