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1. Discover and examine the growth of independent European firms on the continent.

Independent European firms are thriving, and as such, are inhibiting the further growth of international firms. One such indicator looks at their revenue growth over the past 5 years, as seen below, having increased from around €8.2bn to €9.8bn in an average of nearly €16m of growth per firm. A particular example of this looks at Garrigues’ recent revenue record.

2. Investigate where the opportunities lie; which local firms to compete with, to partner with and to acquire.

3. Reveal the growth of international firms in European legal markets.

With the growth of local firms, international firms have grown at a slower rate than sought, but have become just as large as their local counterparts. The graph below illustrates the number of partners from international firms around Europe. Most notably, the percentages in Germany and France are 1/3 and just under 1/5 of the total respectively.

International firms country breakdown by % of total European partnerships

What else is included?

The Lawyer’s European 100 is the only in-depth report into the legal market across the whole of Continental Europe. It analyses the finances and strategies of the 100 largest independent law firms, as well as looking at the presence of the 50 largest international firms operating on the Continent.

As in previous years the 2018 edition of the report includes a profile and data analysis of each of the 100 independent firms, plus a country or regional overview for both the independent and international legal markets. It also analyses trends across the whole market, using data gathered over the past five years on topics such as revenue per lawyer, gender diversity and profitability.

New in this year’s report is an examination of the key risks affecting law firms in the current political and economic climate and an analysis of the investments made by independent firms into technology in the past year. The report seeks to examine the rivalry between independent and international firms and asks how successful the latter have been in breaking into Europe’s main jurisdictions.

Related stories:

Euro 100: Forget about Brexit, the real threat is cyber security – Read here
European 100: Garrigues tightens its grip with new revenue record – Read here