Although it has been a fairly tranquil year for Belgium's independent law firms, there are signs that conditions could be about to worsen. "The legal market over the last 12 months has been pretty stable," says Loyens & Loeff managing partner Peter Callens. "We haven't seen great movements, mergers or people leaving to join other firms. In fact, on average it has maybe been steadier than ever before." Of late, however, there has been a noticeable fall in transactional work, say lawyers. "There has been a slow-down in very large transactions because of the difficulty of getting them financed and I have the impression that private equity players are less active," observes Callens.
December 10, 2008 at 06:20 PM
1 minute read
The original version of this story was published on Legalweek
A drop in M&A and corporate finance transactions has led Belgian firms to re-direct their resources into counter-cyclical work. Ed Thornton reports
Although it has been a fairly tranquil year for Belgium’s independent law firms, there are signs that conditions could be about to worsen.
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