Market history
Which structures define the market? Which practice areas and transactions have driven its development? What changes are emerging?
A JUVE In-Depth Paper
FIAT LUX Shedding Light on Luxembourg’s Legal Market
A strategic comparison of the legal market for private capital – market structures, law firm positioning and competitive dynamics in private equity, funds and finance.
- 12 Analytical chapters In-depth analysis of the key developments and structures shaping the market
- around 35 Law firm analyses International and local firms compared strategically
- 3 Market perspectives Market history, value creation and positioning
The analysis
One analysis. Three perspectives on the market.
The paper provides a structured, comprehensive analysis of the Luxembourg legal market – with a particular focus on private equity, fund and finance practices.
Value creation
Which market segments matter most? How are private equity, funds and finance developing? Where are the growth areas?
Positioning
How are international and local firms positioning themselves? Which strategic patterns are emerging, and where do the opportunities for differentiation lie?
Contents
Twelve analytical chapters.
The complete analytical part of the paper, followed by around 35 firm profiles.
- 1 From regional tax hub to international private capital engine How Luxembourg became a vital jurisdiction for law firms
- 2 The Fruits of Sovereignty Why Luxembourg works, and it’s not because of tax
- 3 The AIFMD effect The rewiring of Europe’s fund architecture and law firms’ migration to Luxembourg
- 4 London–Luxembourg Symbiosis How Brexit and the rise of a global elite reconfigured the role of Luxembourg in the global private capital market for law firms
- 5 The Simpson Shock How a market leader’s entrance has changed Luxembourg
- 6 Elephants in the room Does an Elvinger–Arendt duopoly really exist in Luxembourg and what is the real shape of the market?
- 7 Moving up the value chain Opportunities for Luxembourg lawyers in Europe – and their limits
- 8 Model Under Threat Firms’ strategies in Luxembourg
- 9 Trial and Error The bet on AI and the squeeze on the mid-sized firm
- 10 Language, Identity and Access The strategic value of being Luxembourgish (and multilingual)
- 11 The Litigation Gap Can Luxembourg become a disputes centre?
- 12 From passive counsel to active partner Luxembourg’s recruitment challenge
From Chapter 1
More than half of all market entries since 1991 came after the Brexit vote.
International law firms in Luxembourg by year of market entry. The paper also documents how each firm entered the market – from greenfield office to acquisition.
- 1991–1999 1 Loyens & Loeff
- 2000–2009 5 Allen & Overy, Clifford Chance, Dechert, Linklaters, NautaDutilh
- 2010–2015 11 Incl. Baker & McKenzie, CMS, DLA Piper, Simmons & Simmons
- 2016–2019 10 Incl. Dentons, Eversheds Sutherland, Ashurst, Goodwin Procter
- 2020–2025 10 Incl. Debevoise & Plimpton, White & Case, Mourant, Simpson Thacher & Bartlett
Market entries per period; Brexit referendum in June 2016. Source: overview in Chapter 1, 37 entries from 1991 to 2025.
Firm Profiles
Around 35 firm profiles in three groups.
Full profiles detail each firm’s practice, clients, recommended lawyers and developments.
- Full Service
- Recommended Boutiques
- Other Firms
Order
Order FIAT LUX.
€4,950 excl. VAT
- 12 analytical chapters and around 35 firm profiles
- Written by Aled Griffiths, founder of JUVE
- Delivered as a PDF by email, together with the invoice
- Please note: This report is not included in any JUVE+ subscription and must be purchased separately.
Questions
Questions about the paper? Talk to us.
The paper is written for management and designed as a basis for strategic discussions and decisions. We are happy to help with any questions about its content or your order.
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