To date, the turnover figures of independent Dutch law firms have not been published, but in an unprecedented move, the Netherlands' top five firms have agreed to release figures to The Lawyer.
Loyens was formed in 2000 on the back of the Loyens & Volkmaars tax law network, when it was joined by 30 Loeff Claeys Verbeke civil law partners who were left in the cold after the rest of their firm decamped to Allen & Overy. Its 700 fee-earners put fees per fee-earner at £155,714 for 2001.
Corporate partner Ewout Stumphius said: “We outperformed our budget in our first year and that trend continued last year. Our strategic choice to combine tax and corporate in one firm works very well for the client. It's a natural fit in transactions.”
Second place in the Dutch league is shared by De Brauw Blackstone Westbroek and Nauta Dutilh, both with turnovers of around £80m, followed by Stibbe on £66m and Houthoff Buruma on around £50m.
|Independent Dutch firms' figures|
|Firm (no of fee-earners)||Turnover 2001 (£||% increase on 2000||Fees per fee-earner (£)|
|Loyens & Loeff (700)||109m||11||156,000|
|De Brauw (420)||80m||6||190,000|
|Nauta Dutilh (450)||80m||8||178,000|
|Houthoff Buruma (300)||50m||10||167,000|
|Source: The Lawyer|