UK and US firms are set to grab more than half of all Germany’s commercial legal work and a third of mainland Europe’s business law market within the next five years, according to a groundbreaking survey of 100 independent law firms. But despite the continuing expansion of Anglo-Saxon firms into their market, Europe’s domestic law firms are predicting strong growth of their own over the same period, especially in France and Italy.
These are the key findings of Legal Week’s inaugural survey of independent law firms in Europe, which suggests that domestic European firms are regaining confidence after the dramatic expansion of UK- and US-headquartered firms into their market over the last five years. Just 19% of the respondents to the survey said they would consider a […]