Multinational law firm revelaed plan for expansion in Europe
Fieldfisher goes for growth in Europe with new strategy
The firm has lifted the curtain on its new three-year strategic plan, with expansion of its European offices firmly on top of the agenda.
The new strategy will see Fieldfisher narrow its focus industries from seven to three, prioritising investment in the firm’s technology, finance and energy practices. ‘We believe we can grow faster in these areas than in any of the others,’ managing partner Michael Chissick told The Lawyer. However, he was quick to emphasise that Fieldfisher’s other practice areas – including intellectual property, hotels, dispute resolution and life sciences – would not simply fall by the wayside under the new plan. ‘We’re not stopping all the things we are doing,’ he reassured, though adding that it is ‘difficult in the crowded London market for people to get to know a firm in more than a few areas.
Biggest revenue contributors
Combined, Fieldfisher’s technology, energy and finance practices account for around £50m of the firm’s £113m in revenue posted last financial year. Technology was the single largest contributor with a £20m turnover, while financial services and energy and resources brought in around £15m and £12m respectively.
Europe expansion
Growing the firm’s European offices is also firmly on the cards in Fieldfisher’s new strategy, named ‘Our Future Refocused’. Specifically, the firm wants to develop its offices in Germany, Brussels and France while also opening new outposts in Italy, Spain and the Netherlands. ‘We’re aiming to be in every commercial capital market in Europe over the next three years,’ said Mr Chissick.
Source: Global Legal Post
