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Editorial

Legal market overview

The Norwegian market has been impacted by falling commodity prices, with fewer transactions and more insolvencies as companies exit the regional oil fields. The oil services and offshore sectors have seen the brunt of the impact, particularly in Stavanger and Trondheim. Subsequently, employment practices have been busy with restructurings and redundancy proceedings alongside work stemming from the recent rise in the national retirement age and pension changes. Real estate remains a driver of activity, with the weak Krone attracting foreign investment, particularly in projects and property developments.

Local full-service law firms still make up much of the market, with Advokatfirmaet BA-HR DA, Advokatfirmaet Thommessen AS, Advokatfirmaet Schjødt AS, Wiersholm and Wikborg Rein prominent in most practice areas. However, there are more alternatives to a full-service approach, as evidenced by the opening of construction boutique Advokatfirmaet Glittertind AS and Kluge Advokatfirma AS’ merger with competition boutique ALT advokatfirma AS adding to the growing number of specialist firms in the region. Notable international firms include DLA Piper and Deloitte Advokatfirma AS.

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