The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Linklaters will be the first UK firm to move into the Luxembourg market, subject to approval from the country's bar association this week.
It has signed up one of the country's largest law firms, Loesch & Wolter, to Linklaters & Alliance. Loesch & Wolter specialises in commercial, securities and banking work.
Loesch & Wolter partner Alfred Brausch says his firm will join the Alliance via a full merger with the Alliance's Belgian member De Bandt van Hecke & Legae.
"We have still to decide with the bar council exactly how we can do this. But I am not aware that there are any restrictions on trans-national partnerships," says Brausch.
However, the tight regulations on foreign firms entering the country has, until now, kept out other expansionist Anglo-Saxon practices.
The only other foreign law firm that has ventured into the country is the Dutch-Belgian giant Loeff Claeys Verbeke (LCV), which merged with local firm Zeyen Beghin Feider. LCV is understood to be in merger talks with Allen & Overy.
Linklaters' move represents an important in-road into the lucrative banking market. "As one of my clients said, the link-up with Linklaters will give my firm added fire power," says Brausch. Luxembourg is renowned as a world banking centre and is home to the European Investment Bank and European Monetary Fund. Its liberal tax laws and tough banking secrecy laws make the country a haven for rich investors.