Recently viewed lawyer profiles
The Legal 500 is conducting its first global survey of how corporate counsel and law firms use The Legal 500. We would be grateful if you could spend 10 minutes answering the survey questions to aid us in improving our research and how we deliver it. Click here to give us your feedback.
Legal market overview
Iceland’s market remains preoccupied with the aftermath of the 2008 financial crash, and one recent trend has been for former banks to pursue rescission claims against creditors. The economy has been showing signs of improvement, however, since Iceland’s completion of the IMF’s three-year rescue programme in August 2011. Supermarket chain Hagar (of the defunct Baugur group) became the first company to be listed on Iceland’s stock exchange since 2008, and Arion Bank’s covered bonds programme in 2012 signalled the country’s tentative re-entry into international capital markets. Gross domestic product has increased modestly and unemployment is down. Global companies are also taking an interest in the country’s natural resources as a source of green energy, and the British and Icelandic governments entered into tentative discussions on the subject in May 2012. Elsewhere, the 2010 Supreme Court ruling that foreign currency-linked loans were illegal precipitated another wave of litigation, which is ongoing.
LOGOS legal services and Lex Law Offices remain ahead of their competitors, with LOGOS legal services leading in terms of size and international presence. Niche practice BBA // Legal matches both firms in high-level corporate and banking transactions, and ADVEL Attorneys at Law’s full-service practice is closing the gap in a number of practice areas. Niche firms Jonsson & Hall and Réttur – Adalsteinsson & Partners are highly regarded for dispute resolution, and IP boutique Arnason Faktor remains at the top of its field.