NBLO was set up in 2005 at a time when the Bulgarian legal market was really starting to open up to smaller, more specialised firms. The founding NBLO partners wanted to create a law firm whose clear primary focus was on Bulgaria but which would also operate to some extent as a dual jurisdiction legal consultancy providing both Bulgarian law and UK law advice; this was succeeded by the opening of both offices in Bulgaria and London. Following Bulgaria's accession to the EU, the firm has gone from strength to strength, periodically expanding its staff numbers as well as diversifying its portfolio of practice areas.
NBLO is typically called upon by its clients to either be:
sole advisers in transactions with a Bulgarian law basis; or
the counterpart to international lawyers in transactions involving Bulgarian elements; or
a part of a network of advisers in a multi-jurisdictional deal.
In each of these types of work, NBLO is able to match the legal, technological, time-management, document production, commercial and communication expectations of clients and law firm partners alike.
As well as our dual-jurisdiction offices mentioned above, we believe we have a variety of key capabilities which make us stand out from other Bulgarian law firms:
We realise how crucial it is when giving quality legal service to understand the character and dynamics of clients' industries. In this regard, we maintain regular contacts within the Bulgarian business community and pride ourselves on being up-to-date on all international economic developments in the wider Central & Eastern Europe region.
We always make additional efforts to pinpoint our legal advice for our clients' purposes and to obviate inefficiencies where possible and this often pays off for our clients. We equally understand that our clients work within budgets and we are always keen to present a clear and transparent cost structure to them. In this respect, we will agree charges with clients at the time of instruction, and can help with the management of costs if this becomes necessary.
We make sure we can draft and conduct business in a variety of languages in addition to Bulgarian and English, the latter of which all of our staff speak by default.
We understand how effective information use impacts on our work and we consider the technological processes we have in place at our offices to be cutting-edge. We continue to strive for excellence in this area and regularly educate both support staff and fee-earners in a variety of current technologies. In addition, we have the ability to draw on an engineering support team to quickly implement any specific document exchange or technological requirements a client may request.
Acquisition of City Center Sofia by Heitman Investment fund for €101.5m Acquisition of CCS
NBLO advised the investment fund Heitman European Property III on the €101.5m acquisition from Equest of the 'City Center Sofia', the most established and profitable urban shopping centre in Bulgaria. Since then, NBLO has been the sole provider of ongoing legal services to the Center, involving a variety of largely commercial property issues.
© New Balkans Law Office 2020