10 October 2019 at 15:06 BST

Schjodt expands in Nordic combo

Time is ripe for Nordic consolidation says firm's head as Norway's Schjodt and Sweden's Hamilton merged to create a €108m firm.

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Schjodt and Hamilton say the combination of the two leading law firms creates one of the largest firms in the Nordics and is now the first premier Norwegian-Swedish law firm and sixth largest Nordic firm by turnover.

Ideal fit

Through the merger with Hamilton, Schjodt’s expansion into Sweden is pitched as an ideal fit for its business model. By joining forces with Hamilton’s team in Stockholm, Schjodt says it will become the first top level Norwegian-Swedish cross border law firm, offering seamless high-end legal services for companies doing business in these two closely connected markets. “This is a cornerstone event in Schjodt’s history. A cross-border combination into Sweden is a natural next step in the development for Schjodt. We strongly believe our clients and international partners will benefit from the improved and expanded offering. We are also confident in our business model and the potential created by bringing our values and business practices to the Swedish market,” said Olav Kolstad, partner and chairman of the board, Schjodt. The Norwegian firm has 180 lawyers in Oslo, Stavanger, Alesund, Bergen and London, whole Hamilton has 65 lawyers in its Stockholm office.

Time is ripe

The combined firm will fully integrate and operate in accordance with the values, business practice and management model that Schjodt says has allowed the firm to develop and succeed in Norway. “Joining Schjodthas a tremendous industry logic and will accelerate the achievement of our goal to become the premier legal advisor in the Swedish market. Schjodts values and business practices have a proven track record of success and we strongly believe that the time is ripe for Nordic consolidation,” said Thomas Nygren, partner and chairman of the board, Hamilton. The combined firm will operate under the name of Schjodtand function as one unit from 1 January 2020, pitched as the only high-end provider covering the Norway/Sweden cross-border market.

 
   
 
 
 

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