While local firms in the three Benelux countries have had to fight global law firms at one time or another, the independents have successfully held their own.
The Benelux countries – Belgium, the Netherlands and Luxembourg – may be closely-knit neighbouring states in central Europe, but their legal markets are distinctly different. And while historically these countries joined West Germany, France and Italy to form the European Coal and Steel Community – a predecessor to the EU – the rules and regulations for each market have created unique landscapes for law firms.
Continue reading “Euro elite: focus Benelux – Perfect triptych”
While international firms have enjoyed tussling with leading independents in Moscow for years, a hardening market has seen the local players show their resilience.
Russia’s legal market continues to struggle after international sanctions were imposed in 2014 during the Ukraine crisis, affecting corporate, commercial and capital markets. These penalties added to the problems the region was already grappling with following the global financial crisis and low oil prices that were hitting the nation’s industry.
Continue reading “Euro elite: focus Russia and CIS – Cold fronts”