Castrén & Snellman


IFLR1000 Reviews

Financial and corporate

Finland's oldest law firm Castrén & Snellman was founded in 1888 and is based in Helsinki.


Focusses / specialisms

The firm performs highly across all practice areas, though particularly in corporate and M&A work. The firm is known for its complex transactional work on both domestic and international deals, with multi-jurisdictional mandates in Russia, Switzerland, Sweden and Germany.


Key clients

Some recent key clients for the firm include Danske Bank, Nordea Bank, Trevian Funds AIFM, Mortgage Society of Finland, Gasum, Neste, Fortum, Capman, Nord Stream 2 AG, So Mortgage Bank and Next Games Corporation.


Research period review: 30th edition (2019/2020)

During the research period in banking and finance work the firm mainly advised lending banks and financial institutions and worked on syndicated financings for acquisitions, refinancing fund real estate portfolios, revolving credit facilities with sustainability criteria and a unitranche facility.

In equity capital markets work the firm advised issuers and lead managers on listings and on IPOs, acting for the Aallon Group Oyj IPO on First North Finland, and on rights issues. In debt work the firm advised banks and issuers on green, hybrid and social impact bonds, as well as advising on EMTN and bond programme updates. 

In M&A it advised both private and public companies, investment groups and banks in deals spanning a broad range of sectors including technology, energy, fashion, health, and financial institutions. 

The firm’s large projects team saw mandates across renewable energy, mainly advising major companies in the hydropower and wind power sector, natural gas, data centres, logistics and mining. 

Recent staffing changes saw capital markets and financial regulation counsel Sami Lommi join the firm in the research period. He was hired from Folksam Non-Life Insurance.


Deal highlights: 30th edition (2019/2020)

Aallon Group First North Finland IPO

Metsä Board Corporation €400 million financing

Savon Voima Oyj €530 million acquisition of Fortum’s direct heating business in Joensuu

Sp Mortgage Bank €500 million covered bond issue

SRV Group €58.4 million bond issue


Client feedback: 30th edition (2019/2020)


“Good understanding of banking business and markets.”

“They know our business well and they have a highly dedicated team of lawyers. They know how to add value and make creative solutions.”

“Excellent skills, availability and business understanding. Clear and precise documentation, not overly dragged out documentary exercises and to the point communication.”


Capital markets : Debt

“Effective and hard-working team, great level of availability and professionalism.”


Capital markets : High yield          

“They are effective, knowledgeable, fast and offer great expertise.”


Capital markets : Structured finance and securitisation    

“Extremely focused, flexible in changing situations and reliable.”



“Can do attitude and professionalism in all activities, readily available, flexible and a wide range of extremely highly competent and motivated professionals.”


Financial services regulatory       

“They are extremely responsive (regardless of time of day or day in the week) and easy to work with. They also provide to the point pragmatic advice.”

“C&S is an extremely versatile organisation, and able to bring along experts from all kinds of business fields. This adds depth to their services and makes them approachable from the client's perspective.”



“Market knowledge from the respective business area.”

“Seamless cooperation towards client and other advisors.”


Project development     

“Really high competence in energy sector, which is most well-known to me.”

“Super responsive with a great in-depth knowledge of the Finnish power industry. Great working model with one partner and one associate.”

“Very wide scope of services. They also consider aspects besides the legal field, for example, business aspects. They have many reference cases from which lessons have been learned.”

“Strong commercial understanding of specialist investor.”

“They have excellent knowledge of the law in the relevant areas as well as a very practical and solution-oriented approach.”


Project finance  

“[We value their] experience, competence, resources and attitude.”


Benjamin Bade  

"Easy to work with, extremely responsive, excellent team."


Heidi Malberg  

"Strong commercial ESG and mining knowledge."


Jan Örndahl        

"Proactive, calm, experienced, fast-reacting and persistent."


Merja Kivelä

"Ms Kivelä is a first-class lawyer with an in-depth understanding of client issues, quick grasp of the essentials and creative problem-solving skills. She brings together a rare combination of business acumen and legal advice. Excellent and highly professional in all her client interactions."

"Very senior, seasoned professional and will come up with solutions to real business problems."


Miika Pinomaa

"Good style on negotiation to present his client's stance."

"Ability to listen client's needs and the ability to find solutions that fit the purpose."

"Takes care of client's needs with utmost precision and always meets the deadlines."

"High competence, can do attitude, always keeps what promises and can-do miracles in tight time schedules."


Minna Korhonen

"Great level of talent and experience."


Niko Johansson

"Expertise, effectiveness, rapid responses and problem solving."


Sakari Lukinmaa

"Very responsive with can-do-attitude. Deep understanding of financial markets and market players."

"Dedicated, smart and keeps it simple."


Tero Tuomisto

"Very experienced and skilful lawyer, who knows our business well. He is great in problem solving and manages to invent creative solutions."

"Expertise, effectiveness, rapid responses and problem solving."

"Excellent knowledge combined with practical and business-oriented approach."


Tuomas Lehtinen

"Good at listening the customer, wide knowledge of various cases from which to implement solutions to the relevant problems and questions and quick to assess the needed team within the firm."


Uwe Uusitalo

"Understanding the complexity of the structures of the all contracts involved and stakeholders' drivers."