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Editorial

Legal market overview

Sweden’s economy is buoyant. Low interest rates and anxiety about the euro and the pound have made Sweden an attractive destination for investors, and private equity houses have been particularly acquisitive. The technology sector has been especially hot, with noteworthy transactions including Mylan’s acquisition of Meda, which completed in August 2016. Real estate of all kinds has also been in high demand. Capital markets lawyers have also been busy, assisting with numerous IPOs and listings on both Nasdaq Stockholm and Nasdaq First North.

Sweden’s dynamic legal market has seen a number of major changes. The Stockholm office of UK firm Ashurst closed in July 2016, and the team transferred to Hamilton Advokatbyrå. The year also saw major changes at DLA Piper: in February 2016, the Swedish office (which used to trade as DLA Nordic) was integrated into the global network, and then, in October, its ranks were greatly swelled via the merger with G Grönberg Advokatbyrå. Gärde Wesslau and Hökerberg & Söderqvist merged to form Wesslau Söderqvist Advokatbyrå, while Gärde Wesslau’s former Gothenburg team split off to create Front Advokater. Several partners from Advokatfirman Vinge’s Gothenburg office left in January 2017 to found WERKS Advokater AB.

Firms to watch include EY Law, which has been recruiting talent in a number of practice areas, and shipping boutique Advokatfirman Morssing & Nycander, which was re-established in April 2016 but has roots stretching back to 1880.

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