Euro elite: focus Nordics – Power, soft and hard

Euro elite: focus Nordics – Power, soft and hard

The Euro Elite is dominated by independents from the Nordics – large, high-quality and able to resist the advance of international firms.

The Nordic countries – Sweden, Denmark, Norway, Finland and Iceland – are diverse legal markets that are home to a strong array of independent domestic firms, including Mannheimer Swartling and Vinge in Sweden, and Denmark’s ‘big four’: Kromann Reumert, Plesner, Gorrissen Federspiel and Bech-Bruun.

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Euro elite: focus Benelux – Perfect triptych

Euro elite: focus Benelux – Perfect triptych

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.

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Euro elite: focus Russia and CIS – Cold fronts

Euro elite: focus Russia and CIS – Cold fronts

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.

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Elite indies carve out role as the one-stop shop shuts in Europe

Elite indies carve out role as the one-stop shop shuts in Europe

Much like British voters ahead of this month’s vote on EU membership, City law firms have been shaped in recent decades by mainland Europe, even as they have become increasingly ambivalent about that mingled destiny. It was the huge bet on European integration that gave birth to the global law firm as pioneered by London’s legal elite through the 1990s. At the turn of the millennium, the key strategic battles among City law firms were as likely to be fought in Frankfurt or Milan as London.

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The last word – Eurovision

The last word – Eurovision

To mark our inaugural Euro Elite report, management at leading independent firms give us their market views


CO-OPERATION IS KEY

‘Some international firms have been more open to co-operating with domestic Italian firms; others have not. The first category has been more successful.’

Francesco Gianni, founding partner, Gianni, Origoni, Grippo, Cappelli & Partners


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