Independent Law Firms in Europe: After the deluge
Europe's independent firms were challenged to reform or die when the major US and UK firms stormed their markets at the end of the 1990s. Now they are championing their autonomy as a strength to withstand any further consolidation in their legal markets. Sophie Evans reports
What doesn’t kill you makes you stronger – it might sound like a quote from a self-help book, but the phrase neatly reflects the state of Europe’s independent law firms. Many did not survive the Anglo-Saxon invasion of their legal markets in the 1990s, merging instead with London and New York’s expansionary giants.
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