In the latest consolidation of the Swedish legal market, three regional law firms have merged to create a 45-lawyer outfit – the seventh largest in the country.
The firm, made up of Amerius & Partner Advokatbyra in Malmo, Advokatfirman LJB in Linkoping and Advokatfirman Delphi in Stockholm, will be known as Advokatfirman Delphi & Co.
According to partner Per Berglof, the new firm will take on two more offices in different cities before the end of the year, and aims to create a national network. “You have to be large in order to attract new Swedish and foreign clients,” he said.
It will have several core practice groups in M&A, banking and finance, tax, competition and IT law, and will aim its services at Sweden's rapidly growing high-technology companies.
Berglof says the firm is following its own strategy, but the move coincides with the rapid consolidation of second-tier domestic oriented firms.
In January, The Lawyer reported Stockholm-based Hamilton & Co's merger with two regional firms, while in September last year Stockholm firm Dahlmann Magnusson took over A&D Advokatbyra in Malmo. As a result, Dahlmann Magnusson acquired an office in Poland – the focus of much Swedish business interest.
But Berglof rules out any immediate expansion abroad for Delphi & Co.