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Denmark > Law firm and leading lawyer rankings

Editorial

Legal market overview

Denmark’s thriving economy attracts not only domestic investors but also increasingly direct foreign investment. Low employment rates, increasing growth rates and a stable political environment are the basis for this development. Local law firms respond accordingly by strengthening their transactional practices, including their financing and real estate departments.

The construction and real estate sector has been dominated by large public projects such as the building and renovation of super-hospitals throughout the country and the expansion of the metro line in Copenhagen. The capital particularly benefits from the construction boom; prestigious projects like the port area Nordhavn and Carlsberg Byen, which will be transformed into modern business and residential quarters, are examples of the buoyant Danish real estate and construction market.

Besides the positive developments in the transactional market that keeps most law firms busy, data protection is a growing area of work. Danish law firms are wisely wielding the dual expertise of their IT and employment law teams to deal with an increase in requests for advice on the impact of the General Data Protection Regulation (GDPR), which comes into force in May 2018.

The Danish legal market is relatively stable. Domestic powerhouses like Bech-Bruun, Gorrissen Federspiel, Kromann Reumert and Plesner dominate wide areas of the market including banking and finance, as well as commercial, corporate and M&A. However, their position is being increasingly challenged by up-and-coming firms like Accura Advokatpartnerselskab, Horten, and Kammeradvokaten / Poul Schmith, the latter of which has adapted to the Danish government’s redistribution of legal work by expanding its services into the private sector. A notable development from March 2017 was the incorporation of LETT Law Firm into the international DLA Piper network and its subsequent rebranding to DLA Piper Denmark.

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