LAW FIRM OF THE YEAR: AUSTRIA

WINNER: Wolf Theiss

Austria remains a difficult market and financially Wolf Theiss had a flat 2012 in the jurisdiction. But the firm still takes home the Austrian Firm of the Year award for its all-round consistency and quality.

The firm is constantly expanding its practice area reach, most recently introducing a construction practice and also launching a one-stop-shop subsidiary for real estate restructuring, named Re-Structure. The subsidiary is designed to serve as a hub for consultants and companies in connection with non-performing loans and distressed assets for regional real estate.

Wolf Theiss often picks up mandates on some of Austria’s biggest transactions and disputes, with highlights last year including procurement advice for the Vienna Hospital Association, which is building a sizeable new hospital. The firm is also advising Austrian bank Bawag on ongoing civil litigation against the City of Linz over a swap agreement, with more than €500m (£411.3m) at stake.

The firm’s efforts to improve its diversity and young talent are also paying off. There has been an increase of 10 percentage points in the proportion of female partners in the past six years, while partners gave up 405 hours of their time to train associates in the Wolf Theiss School of Excellence between April 2012 and August 2013.

Shortlist

  • Binder Grösswang
  • CHSH Cerha Hempel Spiegelfeld Hlawati
  • Dorda Brugger Jordis
  • Graf & Pitkowitz
  • Schoenherr