Päivi Toivari


Office: Helsinki

+358 (0)29 000 6237
+358 (0)44 352 2062
+358 (0)29 000 6201
Download vCard

Päivi Toivari


Päivi Toivari represents clients in the areas of banking and finance, capital markets and private equity. Her areas of specialisation include acquisition finance, corporate lending, structured financing arrangements, debt issuance and derivatives. She also has experience in internet banking and payment transaction services. Prior to joining Krogerus, Ms Toivari worked as a legal counsel at Nordea Bank.


Chambers Global 2019 (Banking and Finance): "Clients describe her as a 'brilliant lawyer and a very pleasant person to deal with' and appreciate her 'very good understanding of customer needs.'"

Chambers Global 2018 (Banking and Finance): "Päivi Toivari is hailed as a 'fast, practical and no-nonsense' adviser who is also 'pleasant to work with.'"

Chambers Global 2017 (Banking and Finance): "Clients value her 'superior know-how concerning finance-related matters.'"

Chambers Global 2016 (Banking and Finance): "According to sources, head of department Päivi Toivari 'is well appreciated by banks and by colleagues, she is very pleasant to work with and is highly respected as a negotiator.'"

Chambers Global 2015 (Banking & Finance): "She is the team's most prominent practitioner and is described by sources as ‘sensible, knowledgeable and strong technically.’”

Chambers Global 2014 (Banking & Finance): “Practice head Päivi Toivari is widely regarded as one of the most active and respected lawyers in the field.”

Chambers Global 2013 (Banking and Finance): “Clients single out department head Päivi Toivari as one of the prominent figures in Finnish banking and finance. She is respected as someone who ‘takes care of her client very well and sees the whole picture.’ Another source adds: ‘She is very sharp, punctual and conscious of the quality and cost issues.’”

Chambers Global 2012 (Banking and Finance): “professional, structured and focused” and “always keeps her promises”; 2011: “open-minded, straightforward and efficient” and “She has brilliant expertise in finance and banks really like working with her.”

Listed as a leading lawyer Chambers Global 2011 (Banking and Finance)

Endorsed by Chambers Europe 2013, 2014, 2015, 2016, 2017, 2018, 2019 (Banking and Finance)

Chambers Europe 2012 (Banking and Finance): “She also wins plaudits for her ‘professional, structured and focused’ advice and ‘always keeps her promises,’ say clients.”

Legal 500 (EMEA) 2019 (Banking and Finance): Listed as a Leading Individual

Legal 500 (EMEA) 2017 (Banking and Finance): Listed as a Leading Individual. "‘Very hands-on’ practice head Päivi Toivari adopts a ‘commercial approach.'"

Legal 500 (EMEA) 2017 (Capital Markets): Listed as a Recommended Lawyer

Legal 500 (EMEA) 2016 (Banking and Finance): Listed as a Leading Individual

Legal 500 (EMEA) 2015 (Banking and Finance): "The ‘professional’ Päivi Toivari is known for her ‘no-nonsense advice’ and ‘great knowledge about the banking and lending environment.'"  

Legal 500 (EMEA) 2015 (Capital Markets): "Päivi Toivari, ‘whose biggest strength is her bank background and ability to see the big picture’, led the team advising Sampo Group in the updating of its €3bn medium term note programme."

Legal 500 (EMEA) 2014 (Banking and Finance): Listed as a Leading Individual. “‘Very fine lawyer’ Päivi Toivari co-heads the department, which benefits from strong ties with Nordic private equity firms and real estate funds.”

Legal 500 (EMEA) 2014 (Capital Markets): “Päivi Toivari is noted for her debt capital markets, derivatives and financial regulatory expertise.”

Legal 500 (EMEA) 2013 (Banking and Finance): Listed as a Leading Lawyer. “one of Finland’s best financial lawyers”

Legal 500 (EMEA) 2011 (Banking and Finance): “talented”

IFLR1000 2020: Market Leader (Capital Markets, Banking, Private Equity)

IFLR1000 2019: Leading Lawyer (Capital Markets, Banking, Private Equity) "A brilliant lawyer and a very pleasant person to deal with. Always reasonable and professional, has a solid understanding for commercial side, responsive and reliable. She combines a very important ability of absolute loyalty to the client and pragmatic way of negotiating with the counterpart.”

IFLR1000 2018: Leading Lawyer (Capital Markets, Banking, Private Equity) "Good service level, accessibility, clear communication."

IFLR1000 Women Leaders 2018: Recognised among the best transactional specialists in the Finnish market

IFLR1000 2016 and 2017: Listed as a Leading Lawyer in Banking and Finance, Capital Markets and Private Equity

IFLR1000 2015: Listed as a leading banking and finance lawyer. “The team’s – and especially partner Päivi Toivari’s – knowledge and understanding of the capital markets are what stand out most for clients. ‘I must say that team Krogerus provided suggestions that were very helpful – critical in some areas,’ says one banking client.”

IFLR1000 2014: “Practice head Päivi Toivari draws a lot of praise and is described by one international partner as ‘diligent, hard-working and knowledgeable’. A banking in-house counsel says: ‘[She is] very good a pointing out the main issue, the real concerns, and then getting the process going forward smoothly. She’s a very good negotiator and knows which points are important and which we can skip or not take so seriously.'”

IFLR1000 2013 (Banking): "Päivi Toivari 'knows very well the expectations, she is very pragmatic and it is very easy to work with her… we are very satisfied with Krogerus.'"

Endorsed in Who's Who Legal 2016 (Banking)

Listed in the 2009-2017 editions of Best Lawyers (Banking and Finance Law)

Winner in Finland for Best Lawyers® Finance “Lawyer of the Year” for 2012

memberships and affiliations:

Finnish Bar Association
International Bar Association


Master of Laws, University of Helsinki (1998)


Finnish, Swedish, English

Lotta Pahkakangas

Legal Assistant

+358 (0)29 000 6824
+358 (0)40 355 9173
+358 (0)29 000 6201
Download vCard