GLIMSTEDT Latvia

What GLIMSTEDT Latvia does

GLIMSTEDT Latvia (Zvērinātu advokātu birojs GLIMSTEDT) is a full-service business law firm headquartered in Riga at Brīvības iela 40-37, operating as the Latvian node of the Sweden-founded Glimstedt network (established 1935, one of Sweden's oldest law firms). The Latvia entity was established in 2001, briefly discontinued in 2017, and reconstituted through the merger of the Magnusson Latvia team into the GLIMSTEDT brand on October 1, 2017. The firm offers 26 distinct practice areas spanning corporate and commercial law, M&A, banking and finance, capital markets, competition law, insolvency and restructuring, dispute resolution, intellectual property, data protection, AML/CTF, fintech licensing, real estate, tax, immigration, public procurement, and several niche areas (aviation, sports, healthcare/pharma). Services are delivered in Latvian, English, Russian, Swedish, and Norwegian.

The firm is privately held under a partnership structure with no disclosed external or institutional ownership. Day-to-day operations are led by Managing Partner Aldis Kalinks alongside partners Dr. Ivars Kronis, Valdis Kronis, Agnese Medne, Gita Avotiņa, Māris Liguts, Valters Diure, and Lauris Žubulis, supported by senior associates, junior associates, and legal assistants. The partner cohort combines CAMS-certified AML specialists, certified insolvency practitioners, an arbitrator at the Riga Permanent Court of Arbitration, and alumni of Sorainen, Deloitte Legal, Ellex, KPMG Baltics, EY Baltic, and BDO Latvia.

Revenue is generated through professional services billed on a quote basis tied to engagement complexity and scope. The go-to-market is enterprise field sales: the firm targets large companies with foreign capital and medium-sized Swedish and international companies operating in the Baltics, supplemented by middle/small enterprises and private individuals. The wider Glimstedt network spans 14 Swedish offices and 3 Baltic offices (Riga, Tallinn, Vilnius) with approximately 250 professionals collaborating cross-border; the Latvia entity itself operates with a smaller Latvia-only bench. Distribution runs through direct partner-led engagement, supported by website, LinkedIn, Facebook, and thought-leadership articles in industry publications. The firm holds memberships in the Latvian Collegium of Sworn Advocates, the Swedish and Norwegian Chambers of Commerce in Latvia, and Fintech Latvia Association.

Name

GLIMSTEDT Latvia

Legal name

Law Firm GLIMSTEDT

Website

https://glimstedt.lv

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Business Law Services

NAICS

Legal Services (5411), Other Legal Services (54119), Professional, Scientific, and Technical Services (54)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Financial Regulation, AML/CFT & Tax Transparency Cooperation (BPADANAL)

akta.pro secondary industry

Trade, Export Controls & Customs Compliance (BPAHAFAN)

Keywords

• Commercial legal services
• Business law advisory
• Mergers and acquisitions
• Dispute resolution
• Banking and finance law

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Legal Services: Full-service legal assistance in commercial law and related areas including civil law, labour law, finance law, intellectual property law, competition law. Services include legal consultations, document preparation, and representation in courts and arbitration.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

GLIMSTEDT Latvia is a full-service business law firm delivering legal advisory, document drafting, transactional support, and representation in court and arbitration proceedings. The firm covers corporate and commercial law, M&A, banking and finance, fintech licensing, AML/CTF, dispute resolution, intellectual property, data protection, real estate, tax, labour law, immigration, public procurement, energy, and insolvency/restructuring. Services are delivered in multiple languages to large and medium-sized enterprises as well as private clients.

Product overview

GLIMSTEDT Latvia is a full-service law firm (Zvērinātu advokātu birojs GLIMSTEDT) providing comprehensive legal services in commercial law and related practice areas. The firm offers 26 distinct legal service areas covering administrative law, AML/CTF, aviation, banking and finance, capital markets, competition law, corporate and commercial law, criminal law, data protection, dispute resolution, energy and environmental law, family and inheritance law, fintech licensing, healthcare and pharmaceutical, insolvency, insolvency and restructuring, intellectual property, labour law, mergers and acquisitions, migration, private clients matters, public procurement, real estate, sports law, and tax. Services are provided in Latvian, English, Russian, Swedish, and Norwegian languages, serving both Latvian and international clients including large companies with foreign capital, medium and small enterprises, and individuals.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate and Commercial Law Legal advisory and execution for company formation, administration, reorganization, drafting of commercial agreements, structuring of commercial transactions, and M&A-related due diligence; for Latvian businesses and foreign-capital enterprises.
• Mergers & Acquisitions End-to-end M&A advisory including transaction structuring, due diligence, negotiations, shareholder agreements, corporate reorganization, restructuring, liquidation planning, and executive liability risk management for buyers, sellers, and investors.
• Banking & Finance Legal services for banks, lenders, and borrowers on infrastructure and real estate financing documentation, refinancing mandates, and regulatory compliance for Latvian financial institutions.
• Capital Markets Legal advisory for capital markets operations and securities matters, including equity and debt issuances and related regulatory work.
• Fintech (Licensing) End-to-end legal advisory for fintech licensing and ongoing regulatory compliance with the Bank of Latvia and EU financial regulations; targeted at fintech firms entering or operating in Latvia.
• AML/CTF Anti-Money Laundering and Counter-Terrorism Financing compliance advisory and CAMS-certified guidance for Latvian financial institutions, fintech firms, and obliged entities subject to AML/CTF regulation.
• Competition Law Competition law services including merger control filings, compliance audits, horizontal/vertical agreement reviews, state aid analysis, and defense against abuse-of-dominant-position claims before the Competition Council.
• Dispute Resolution Comprehensive dispute resolution services covering alternative dispute resolution, banking and securities disputes, intellectual property disputes, tax disputes, court decision enforcement, and representation before the European Commission and European Court of Human Rights.
• Criminal Law Criminal defense representation, participation in investigative activities and court proceedings, and preparation of procedural documents for individuals and corporate officers facing criminal exposure.
• Administrative Law Legal advisory and representation in administrative law matters, including disputes and dealings with Latvian government agencies and public institutions.
• Data Protection GDPR compliance advisory, security breach response management, privacy policy drafting, and representation in data protection disputes for Latvian controllers and processors.
• Aviation Legal services for aviation sector clients covering regulatory compliance and transactional matters including aircraft financing, leasing, and operating arrangements.
• Real Estate Real estate legal services covering purchase, sale, and lease transactions, design and construction advisory, territorial development, property restructuring, and permit acquisition.
• Family & Inheritance Law Family law services (child custody, maintenance recovery, divorce, property division) and inheritance services (wills, succession, cross-border inheritance advisory) for private clients in Latvia and cross-border matters.
• Private Clients and Succession Planning Private client succession planning including inheritance agreements, wills development, and cross-border inheritance advisory for individuals with Latvian and international assets.
• Labour Law Employment law advisory including drafting, amendment, and termination of employment agreements, internal company regulations, material responsibility agreements, corporate policies, and residency/work permit support.
• Migration Immigration legal services including visa consultations and documentation, temporary and permanent residency permits, work permits, citizenship advisory, and EU citizen employment matters.
• Energy and Environmental Law Energy sector legal services including infrastructure project development, licensing, regulatory compliance, natural resource use, and waste management matters.
• Healthcare and Pharmaceutical Healthcare and pharmaceutical sector legal services including regulatory advisory, licensing, distribution agreements, and representation before Latvian health authorities.
• Insolvency & Restructuring Legal protection proceedings, restructuring, creditor representation, recovery of losses from board members, asset disposal contestation, and bankruptcy proceedings management for distressed businesses and creditors.
• Intellectual Property Intellectual property services including acquisition of IP and technological assets, commercialization, and enforcement of rights for patents, trademarks, copyrights, trade secrets, and domain name disputes.
• Public Procurement and PPP Public procurement services including procurement procedure organization, document preparation, tender support, representation before the Procurement Monitoring Bureau, and public-private partnership procedures.
• Tax Tax advisory for natural and legal persons covering VAT, corporate income tax, personal income tax, social security contributions, tax risk assessment, transaction tax planning, and tax dispute representation.
• Sports Law Legal services for the sports industry, including regulatory, contractual, and athlete-representation matters.
• Work and Residency Permits Residency and work permit advisory for employees and corporate clients needing cross-border talent mobility into Latvia.

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and strategic.

• Fintelligence SIAcoreTechnology or Integration · 23 February 2026GLIMSTEDT partnered with Fintelligence SIA to support compliance processes. The platform is intuitive and time-efficient, helping legal and compliance teams structure information, reduce manual work, and maintain clear oversight.
• Ilyashev & PartnersstrategicStrategic or Co-development Partner · 5 July 2022Memorandum of Cooperation signed with one of Ukraine's largest law firms. Partnership enables GLIMSTEDT to provide legal services in Kyiv, Kharkiv, Dnipro, and Odessa alongside Ilyashev & Partners' offices.
• Fintech Latvia AssociationcoreGTM or Marketing Partner · 17 May 2022GLIMSTEDT joined Fintech Latvia Association which unites financial technology companies and financial organizations operating outside the banking sector. The association ensures responsible and trustworthy alternative finance sector in Latvia.
• Latvian Bar AssociationcoreOthersMember of Latvian Collegium of Sworn Advocates - independent professional corporation uniting all sworn advocates practising in Latvia.
• Swedish Chamber of Commerce in Latvia (SCCL)coreGTM or Marketing PartnerMember of Swedish Chamber of Commerce in Latvia - one of the largest foreign organizations uniting Swedish and European companies. Partner Ivars Kronis serves on SCCL board.
• Norwegian Chamber of Commerce in Latvia (NCCL)coreGTM or Marketing PartnerMember of Norwegian Chamber of Commerce in Latvia - non-profit business association for companies with Norwegian-Latvian cooperation. Partner Agnese Medne serves as NCCL representative.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Walless: Baltic legal and tax firm serving corporate clients in Estonia, Latvia, and Lithuania with cross-border practices. Comparable client base (enterprise/foreign capital) and service mix.
• Cobalt (now Cobalt / pre-merger Cobalt and LMP): Top-tier Baltic-wide law firm offering full corporate, finance, and dispute services in Estonia, Latvia, and Lithuania. Directly competes for the same enterprise and cross-border mandates as GLIMSTEDT.
• Ellex (part of WFW / formerly independent Ellex): Leading Baltic legal services firm with offices in Estonia, Latvia, and Lithuania. Direct competition on cross-border M&A, dispute resolution, and regulatory work in the same jurisdictions GLIMSTEDT covers.
• TGS Baltic (Tark Grunte Sutkiene): Baltic-wide law firm with offices in Vilnius, Riga, and Tallinn providing corporate, finance, and dispute resolution services. Directly comparable full-service offering and geographic footprint to GLIMSTEDT Latvia.
• Sorainen: Pan-Baltic full-service law firm headquartered across Latvia, Lithuania, and Estonia. Directly comparable on geography, practice-area breadth, and cross-border Nordic-Baltic corporate/M&A focus.
• Borenius: Leading Finnish law firm with strong cross-border corporate and finance practice. Comparable commercial-law focus and Nordic enterprise client base; operates from Finland rather than the Baltics.

Broad incumbents

• PwC Legal: Global Big-4 legal practice offering corporate, M&A, and regulatory advisory across the Baltics and Nordics. Competes for enterprise compliance and cross-border transactional work.
• Deloitte Legal: Global Big-4 legal practice with a Baltic presence serving enterprise clients on corporate, M&A, and compliance. Overlaps with GLIMSTEDT on cross-border mandates and enterprise-segment legal services.
• Mannheimer Swartling: Premier Swedish full-service commercial law firm with international reach; competes with GLIMSTEDT on Swedish enterprise and cross-border mandates and serves as a reference benchmark for the Swedish side of the network.

Emerging players

• Magnusson: Pan-Nordic and Baltic law firm; its Latvia team merged into GLIMSTEDT in 2017, so the firms are former direct competitors with overlapping Nordic-Baltic coverage and shared legacy practitioners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/GLIMSTEDT.Latvia
• LinkedInlinkedin.com/company/glimstedt-latvia

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 GLIMSTEDT Latvia