International legal practice Norton Rose Group has today launched an internal group to help the practice better target business in the Nordic region. Headed up by London based partner Tomas Gärdfors, the group will aim to build on the work Norton Rose Group undertakes in the region, where it has been active for over a century.
Recent years have seen a constant trend of outbound investment from Nordic countries into economies such as Canada, Africa and Australia; the same regions in which Norton Rose Group has achieved significant expansion through major mergers over the last two years.
Norton Rose Group has built a track record of working on high profile deals involving organisations from Norway, Denmark, Finland, Sweden and Iceland, especially in the energy and mining sectors. Recent deals have included advising on two of the largest energy wind farm transactions in Sweden, and a number of recent mining transactions in Sweden and Finland. Norton Rose Group has also been heavily involved in the Icelandic financial crisis since 2008. Swedish based Stena, SAS, and energy giant Vattenfall are also long standing clients of the practice.
The new Nordic group aims to better coordinate these efforts, and facilitate a greater degree of knowledge sharing within the wider practice.
Tomas Gärdfors, partner at Norton Rose LLP, commented: “It’s no secret that the Nordic economies are amongst the strongest in Europe. Our understanding of the region, alongside our own growing global footprint, has meant we have been able to play our part in this fast increasing flow of business between the Nordic countries and international growth economies.
“Until now, most of our work there has been done fairly opportunistically. It’s meant we’ve been able to develop a prominent reputation as one of the most active international practices in the region, but such an approach can only take you so far. Establishing this internal Nordic group will help take us to the next level.
“The group will help us better coordinate the work we do in the Nordic market from our offices throughout the world. From the start of 2012, we’ll have 43 international offices and over 2,900 lawyers. Effectively pooling the Nordic expertise of such a large practice is a big task and not one we’ve undertaken before. However, we’re committed to building on our service in the region, and pulling together our capabilities in a synchronised and focussed way is an important step towards achieving that.”