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The firms, which share an office just off Cannon Street, are both wanting to boost areas which they feel have potential for growth as well as diversifying what they offer to London-based clients.
However the going can sometimes be tough. Cuatrecasas Gonçalves Pereira and Gide Loyrette Nouel both had difficult 2012s in their City offices, with recently-released LLP accounts showing the two firms made losses in London last year. However both have also been working to strengthen their workforce in London and are just as committed to the City as Bonelli and Hengeler.
Even if work is passed on to the home jurisdiction, European independent firms are perhaps more than ever convinced of the need to develop business from the UK.