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Legal market overview
Finland attracted a healthy, if slightly inconsistent, flow of business in 2012. Restructuring work continued to keep many firms busy, but increased transactional activity pertaining to energy projects also provided some sizeable new-money deals for larger firms. Capital markets mandates were few and far between, and that work was dominated by the leading firms. Disputes continued to grow in importance.
Avance Attorneys, founded in 2011 by transactional expert Ulf-Henrik Kull, built on a strong first year by expanding both its staff numbers and client roster. Magnusson, which also opened its Estonian office in 2011, hired technology expert Juha Taipale from Mäkitalo Rantanen & Co Ltd.