Euro Elite 2024: Main table
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Euro Elite 2024: Baltics – Baltic conditions
Throughout the pan-Baltic region in 2023 there was an overriding sense of instability in the legal market. Although there have been projections of GDP growth in 2024, the legal markets across the region continue to grapple with several economic challenges, including the unpredictable cost of energy. In Estonia, these challenges also include a rise in …
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Euro Elite 2024: Benelux – Moving with the times
For independent, full-service firms operating across the Benelux countries, the global uncertainty and turmoil of the last few years has served to highlight the advantages of their business model; being able to pivot between workstreams and react rapidly to changing circumstances has proven to be a concerted advantage. Antoine De Raeve, a senior banking and …
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Euro Elite 2024: CEE – Firm foundations
The CEE markets continue to suffer from conflict-driven instabilities in the region, with sanctions still impacting most industries and European companies remaining cautious with their regional activities. In the face of these ongoing difficulties, law firms benefited from an uptick in restructuring and insolvency mandates. Simultaneously, new investment incentives do exist. For example, the Three …
Euro Elite 2024: France – More of the same?
Described by Darrois Villey tax partner Loïc Védie as ‘better than expected’, 2023 was nonetheless a year marked by uncertainty for Euro Elite firms in France. Lawyers weathered an often-slow market; interest rates reached significantly higher levels than previous years, which limited the overall number of transactions. In the corporate and finance arena, equity capital …
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Euro Elite 2024: Germany – Navigating tumultuous waters
As Germany faced the prospect of its first two-year recession since the early 2000s, the legal market grappled with an intricate web of challenges and opportunities in 2023. With the country’s GDP contracting by 0.3%, the impact of increased energy costs, inflation, higher interest rates, and falling industry demand did not go unnoticed. However, despite …
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Euro Elite 2024: Iberia – Out the other side
It first appeared that cautious optimism would characterise the Iberian legal market in 2023 but no-one predicted quite how turbulent the year would turn out to be. Rising interest rates, mounting geopolitical tensions in Europe, and a risk-averse investment environment created arduous conditions for deal-making across the continent. Portugal and Spain were no exception. In …
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Euro Elite 2024: Ireland – Under pressure
Despite recent laments from London corporate pundits over a depressed deals market, the view of many is that the Irish market is bucking global trends. Stephen Keogh, William Fry’s head of corporate, says: ‘From a transactional point of view, the big feature this year so far has been a smaller amount of multi-billion deals and …
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Euro Elite 2024: Italy – Time to shine
The instability caused by the Covid-19 pandemic and exacerbated by Russia’s war with Ukraine, with the resulting gas supply difficulties and growing inflation, has affected the Italian legal market as much as anywhere else. This notwithstanding, Italy’s leading independent law firms were able to curb the slowdown in some practices and achieve excellent results in …