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Legal market overview

The Norwegian legal market has been affected by the fall in oil prices, with oil services companies hit especially hard. As a result, firms have witnessed an increase in restructurings and insolvency matters and reduced transactional activity but there are promising signs of a recovery. Oil and gas and offshore industries are substantial sectors for most law firms, despite the setbacks, and the renewable energy sector is becoming more prominent. Instructions on real estate and construction work have also increased for many firms, both in the context of disputes and increased foreign investment into real estate projects.

The market is dominated by local full-service law firms, with Advokatfirmaet BA-HR DA, Advokatfirmaet Thommessen AS, Advokatfirmaet Schjødt AS, Wiersholm and Wikborg Rein being especially prominent and highly ranked in most practice areas. DLA Piper is the key foreign firm in the market, with Deloitte Advokatfirma AS being another notable presence.

Key changes in the legal market were Torkildsen & co. Advokatfirma merging with Føyen Advokatfirma in early 2015 to create Advokatfirmaet Føyen Torkildsen and, in late 2015, the creation of oil and gas and offshore boutique Michelet & Co Advokatfirma AS.

Firms in the spotlight

Kvale Advokatfirma DA

Kvale is a business law firm that since 1988 has advised the local and international business community. Stable organic growth over a quarter of a century has led the firm past a number of important milestones. Not least growing from one to 50 employees and past that, towards 100 and beyond.

Advokatfirmaet Haavind AS

Haavind is one of Norway’s leading law firms with more than 100 lawyers. The firm is located in central Oslo and provides legal services to businesses, covering all aspects of commercial law. Haavind specialises in corporate law and M&A, real estate, construction, employment, dispute resolution, energy, telecommunications, media and technology (TMT) and intellectual property rights (IPR).

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