Ernst & Young’s (EY) legal team has launched in Sweden with the hire of a six member team in Stockholm, including two partners from Swedish commercial law firm Delphi, completing its coverage of Scandinavia.
Marcus Nivinger will focus on practice areas including capital markets, M&A, private equity and venture capital, with Paula Hogéus specialising in labour and employment law.
The appointments are part of EY’s recruitment drive to position itself as a multi-disciplinary professional services organisation with integrated legal services. The firm hired Freshfields Bruckhaus Deringer partner Richard Norbruis in June 2014 to head its global transaction group while it obtained an Alternative Business Structure licence in the UK in December 2014.
In a statement, EY’s global law leader Cornelius Grossmann said: ‘Our growth strategy is quality-driven. The exact scope of services offered in each jurisdiction varies depending on the maturity of the EY practice, the regulatory environment and the needs of the local market. By 2017, we expect to have a presence in more than 80 jurisdictions covering all major markets – except for the US – providing us with a competitive advantage.’