fivehundred magazine > Country spotlight: Sweden > Baker McKenzie: Speed and efficiency

Baker McKenzie: Speed and efficiency

Baker McKenzie: Speed and efficiency interview image

Anders Fast, managing partner of Baker & McKenzie Advokatbyrå KB

Swedish cityscape image

How are you adapting to chaining client demands?

We see increased demand for all kind of cross border-work but in particular within the transactional and compliance field. Sweden – and the Nordics – is a very attractive area for foreign investments and Nordic companies are also looking for opportunities abroad.

Our clients want us not just to provide legal advice, but to become more of a strategic business partner to them – they want us to bring industry and commercial expertise in a fast and efficient way.

As a leading international law firm, we are well placed to meet these challenges. We excel in cross-border deals – over 60% of our deals are multi-country. Last year our transaction group in Stockholm grew significantly in terms of new co-workers and numbers of deals.

Our industry expertise has been developed over decades working with leading multinational corporations in technology, healthcare and life sciences, consumer goods, manufacturing, energy and infrastructure sectors, in addition to the worlds’ leading financial instructions and sponsors.

And we are applying a broad range of artificial intelligence tools for due diligence, contracts, and e-discovery to ensure market-leading efficiency. We also focus on legal project management. Clients like the structure, transparency of process, and better, more frequent communication.

Clients are becoming savvier, so how do you set yourself apart from the competition?

The combination of our deep sector and local knowledge, and our ability to work seamlessly across countries and specialisms means we can add unique value to our clients.

Also, as a global firm, we offer interesting careers paths which make us an attractive employer for Swedish talents.

Where are you seeing growth from domestic clients and outside investors?

We see a continued growth in the transaction sector, especially within
cross-border transactions and carve-outs. We also see strong growth within the trade and compliance sector as the legal world becomes more and more demanding. There is a continuing strong interest to invest in the Nordics, specifically within the tech and life sciences sectors.