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Iceland > Legal market overview

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The small size of the Icelandic legal market has ensured that the level of demand for work has kept most firms busy despite ongoing turbulent local and global financial conditions. Much of this work has related to the collapse of several of Iceland’s largest banks, including bankruptcy-related proceedings such as refinancings, restructurings or insolvency litigation and related M&A. The high volume of creditors and debtors has meant that many firms have been afforded a seat at the table in some capacity. Iceland’s largest law firms, including BBA // Legal, Lex Law Offices and LOGOS legal services, have benefited most.

It should be noted that Jonsson & Hardarson merged with Juris Law Office.

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