05:36, March 31 417 0

2017-03-31 05:36:07
DLA grows Nordic footprint with local merger

DLA Piper has strengthened its footprint in the Nordics with a takeover of local Danish law firm LETT.

The merger, which will go live at the end of May, will give DLA a fifth office in the Nordic region and a combined headcount of over 370 lawyers.

As part of the deal, the firm will begin to operate under the DLA brand.

LETT has strengths across a broad range of sectors including corporate M&A, insolvency and restructuring and has around 150 lawyers in its Copenhagen and Aarhus offices.

The news follows the merger with Finnish firm Peltonen LMR in February last year as part of DLA’s strategy to operate in all the major world economies.

Simon Levine, Global Co-CEO at DLA Piper, said: “Together, the Nordic countries rank as a G20 economic entity and the region is home to some major international corporates. Many of our existing clients do business in the Nordics and by extending our presence in Denmark, we will now be able to offer them an unparalleled capability in the region and access to legal services which can meet their needs domestically, regionally and globally.”

LETT managing partner Henrik Puggaard said: “At LETT we share the same ambition and vision as DLA Piper, to be the leading business law firm. In an increasingly competitive legal business, having a strong global vision and a commitment to innovation are essential to provide the high level of quality expected by the market.”

Elsewhere in Europe, DLA has been busy consolidating its presence with the firm making the decision to close in Berlin three days before closing Georgia, with its team and premises transferring over to DWF and Dentons respectively.

DLA Piper joint managing director of Europe and the Middle East Olaf Schmidt told The Lawyer that the two recent office closures in Georgia and Berlin were caused by a lack of profitability.