Global law firms have missed the boat in Eastern Europe

There are not many parts of the world that can boast immunity to the sour markets resulting from the global credit crunch, but Central and Eastern Europe (CEE) can. As the lawyers on the ground there have it, it’s not so much a question of which country is hot, but which country is hottest. The world’s biggest law firms flocked to the region in the early 1990s, attempting to capitalise on a wave of privatisations, but performed a collective about face as they came to an end. Today, there are really only five players who continue to take the region seriously: Allen & Overy, Clifford Chance, CMS Cameron McKenna, Linklaters and White & Case.

Global law firms have missed the boat in Eastern Europe business.timesonline.co.uk business.timesonline.co.uk Thu, Dec 13, 2007