Cobalt is very well known for acting on a broad spectrum of complex banking and capital markets transactions, including bond issuances. Maria Kotkas has extensive experience in handling financing matters, including syndicated finance and energy financing cases, and Monika Koolmeister is well-versed in acting as counsel to financial regulators. Kristel Raidla-Talur brings expertise in venture capital matters. The trio collectively head the practice; other key practitioners to note include Kaarel Eller, who focuses on fintech issues.

Ellex Raidla has a plethora of capital markets and financing expertise in the team, enabling it to work on complex bond offering and listing matters. The group boasts a client base which includes prominent banks and financial institutions. Practice head Raino Paron has an excellent reputation for advising on high-profile capital markets cases and complex financial regulatory issues, and Ermo Kosk‘s workload includes cross-border transactions and debt financings. Toomas Kasesalu brings experience in trade finance matters, and Gerli Kivisoo stands out for her ‘leadership and deep expertise in banking and capital markets’. Helen Ratso is a key contact for investment fund managers.

The team at Sorainen is very experienced in advising on a wide range of financing transactions, including acquisition financing and energy financing. Debt finance and bond offering projects are other key areas of instruction for the group, which is led by fintech expert Kätlin Krisak. Hetti Lump-Kivisaari and Jane Eespõld are routinely instructed by major international and local financial institutions and investors on financial regulatory issues and licensing matters.

At WALLESS, the team garners praise for its expertise in representing lenders in transactional work. Key areas of instruction for the group include cross-border financings and debt and equity capital markets transactions. Regulatory matters are also prominent in the team’s workload. Practice co-head Andres Siigur is well-versed in acting as counsel to financial institutions on mandates, and practice co-head Hannes Vallikivi brings experience in advising on structured finance, project finance and derivatives, to name a few areas. Kaisa Saarmann acts on financial regulatory cases and bond issuance matters.

Eversheds Sutherland Ots & Co‘s Estonian practice leverages the strength of the firm’s broader international network to support clients on cross-border M&A-related banking and finance matters, as well as handling complex capital markets transactions. The team’s workload includes advising on loans, debt financings, capital raising transactions and licensing matters. Managing partner Maivi Ots is very experienced in handling banking and finance transactions, and Artjom Luik stands out for his licensing expertise. Practice head Dmitri Zdobnõh has an excellent reputation for advising on AML regulations.

At  TEGOS (Formerly TGS Baltic), the ‘very professional’ team has ‘a practical, business-focused approach and deep regulatory expertise’ and stands out for being ‘particularly strong in navigating complex licensing, AML/CFT, and fintech compliance matters’. The group is well-versed in representing international fund managers and prominent financial services entities in mandates. Bond issuance matters are another key area of instruction for the group. Practice head Kirsti Pent ‘delivers pragmatic, business-oriented advice that reflects both a thorough understanding of Estonian law and the commercial realities facing clients operating in the Baltic region’. Olger Kaelep is very experienced in acting for credit institutions, fund managers and fintech companies.

With an excellent reputation in the Estonian legal market for handling structured finance issues and securitisation-related regulatory matters, the team at RASK Attorneys-at-Law is very experienced in the capital markets arena. Additionally, the group is instructed in complex financing transactions, involving capital raising issues. The group is also active in the fintech space, with practice co-head Karl Erik Esko acting as head of the firm's wider fintech department and acting as counsel to fintech service providers on mandates. Esko co-heads the practice with Timo Kullerkupp.

Triniti's banking and finance team acts as counsel to a range of clients, including start-ups and asset management companies, on a wide spectrum of matters. Securities work forms a key pillar of the practice, with Martin Järve often appearing in related mandates, and Ergo Blumfeldt is a name to note for M&A-related banking and finance matters. Practice head Katri Tomson brings extensive experience in advising on AML regulations. Karin Oras joined the team in December 2024.

KPMG Law in Estonia‘s practice is well known for assisting fund managers, investment companies and credit institutions with financing and regulatory matters. Key practitioners to note include Sten Luiga, who is very experienced in assisting financial services entities with regulatory compliance cases, and Katri Remmelgas, a specialist in banking and finance law with a solid track record in advising on AML issues. Karin Oras left the firm in December 2024.

The group at WIDEN acts as counsel to a client base primarily made up of financial services entities, including private equity funds and credit institutions, in relation to project finance matters and acquisition financing cases. Fintech regulatory work is another core area of strength for the team, which is equally adept at handling secured bond issuances. Kristi Sild and Ksenia Kravtšenko co-head the practice.