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Dutch giant Loyens & Loeff, which broke through the £150m ($273m) revenue barrier in 2005, remains best known for tax advice. Indeed, in 2006 it was named the world’s number one firm for tax advice by International Tax Review.
It well deserves the plaudits, although in recent years Loyens has worked hard to shed its tax tag by building up the corporate and transactional side of the business.
A number of hires joining the Benelux firm during the year helped with this ambition. They included NautaDutilh corporate partners Freek Jonkhart and Peter Callens, and Boekel De Nerée real estate partner Bram Linnartz.
Loyens also picked up a role alongside Wachtell Lipton Rosen & Katz advising the New York Stock Exchange on its $21bn (£11.5bn) merger with Euronext, which was advised by Dutch rival Stibbe.
Towards the end of 2005 Loyens ramped up its focus on the Asian, in particular Chinese, market with a series of seminars targeting inbound Chinese instructions. However, Loyens currently has no plans to add to its offices in Tokyo and Singapore in the region.
The 106-partner firm remains one of the most profitable in the
Netherlands, with average profit per equity partner last year of £478,000 ($870,000), a fact helped by the large number of high-margin tax advisers among its ranks. However, it operates on a single profit pool for tax and legal advisers and is therefore considered on the same basis as any other firm in the Global 100.
In 2006 the firm’s chairman Philip van Hilten stepped down after four years to be replaced by tax partner Pim Bertels.