The Euro Elite Overview: Ode to Joy

The Euro Elite Overview: Ode to Joy

The good times are back in Europe – at least for now – making growth the word on every managing partner’s lips. According to the International Monetary Fund, last year’s European recovery was an ‘engine of global trade and economic growth’. Across the EU27, annual GDP grew between 1.5% and 5% – the biggest figures being recorded among the smallest member states that experienced a severe post-crisis downturn, including Ireland and some CEE countries.

The corollary? Bullish stock markets and buoyant initial public offerings with Mergermarket data showing that European M&A hit a post-crisis high of $929.3bn across 7,235 deals in 2017 – Europe’s resurgence has unleashed a wealth of corporate dealmaking ambition. Continue reading “The Euro Elite Overview: Ode to Joy”

Client Intelligence Report: Data View – Euro Elite Focus

Client Intelligence Report: Data View – Euro Elite Focus

The European region of the Client Intelligence Report received feedback from just over 2,500 in-house lawyers and legal spend decision makers.

The following section offers a short overview of how clients ranked law firms in their region. Respondents were asked to score a list of key performance indicators (KPIs) on a scale of one to ten according to their perception of the law firm’s service in the last 12 months. Each client scored their chosen firms on 13 core KPIs covering client relationship skills, technical legal ability and efficiency in project management. The ranking of firms was vetted for seniority of respondent so that we are able to provide true representation of the firm’s performance in the region. Continue reading “Client Intelligence Report: Data View – Euro Elite Focus”

The Euro Elite: Italy – And yet it moves

The Euro Elite: Italy – And yet it moves

Looking out of the window of his office overlooking the picturesque Piazza del Duomo on a rainy April afternoon, one veteran Milan partner is feeling sentimental: ‘I remember the firms that used to dominate the market back when I started – Graziadei, Carnelutti, Pavia Ansaldo. No-one hears of them anymore.’ What on the surface seems nostalgic reflection poses a pressing question for Italy’s current legal elite: what will become of today’s top independents in the near future?

‘It is as if the market gets tired of dominating firms every ten years or so and replaces them with others,’ agrees a partner in another office in the northern Italian city. Continue reading “The Euro Elite: Italy – And yet it moves”

Iberia: Off the Richter scale

Iberia: Off the Richter scale

‘An earthquake’; ‘very shocking’; ‘difficult to understand’; ‘one of the most relevant moves in the market over the last few years’: if you want members of the Spanish legal elite to come up with the most melodramatic expressions they can find, mention Juan Picón and Latham & Watkins.

You can easily see why. The news in November that DLA Piper’s senior partner and global co-chair was joining the US giant as Spain managing partner alongside fellow DLA corporate partners Ignacio Gómez-Sancha and José Antonio Sánchez-Dafos put Spain in the headlines of the global legal press. That does not happen every week. Continue reading “Iberia: Off the Richter scale”