The mid-sized UK law office Osborne Clarke is planning to
open an office in Amsterdam. The Dutch office will open its doors in 2014. The
reason is clear: Osborne Clarke wants to expand its European presence. The
office will focus on the enterprise market with several dozens of lawyers.
Osborne Clarke is not
the first foreign law office to enter the Dutch market. At the beginning of
2013, US law Jones Day opened an office in Amsterdam. But also US law
firm Greenberg Traurig is looking for foothold in the Netherlands – according to
the grapevine, it wants to take over boutique law firm Spigt Litigators.
These recent developments are rocking the Dutch law market
and signify the end of a long era of stability. The last shift occurred during the
turn of the century when a group of UK law firms, including Allen/Overy and
Linklaters, opened offices in the Netherlands. It started a new trend: Dutch
multinationals turned more and more to those UK offices for legal advice
instead of hiring the services of their local Dutch counterparts.
With 600 lawyers on its payroll, recent market entrant Osborne
Clarke is substantially smaller than Allen and Overy or Linklaters. Osborne
Clarke focuses its law services on clients in specific sectors. As part of its
strategy, it already opened offices in Brussels and Paris. Opening an office in
Amsterdam is a logical step in its continental European strategy to cater to
its international clients.
Quite likely, more UK and US law firms will follow suit and
establish a foothold in the Netherlands. Dutch law firm have to handle the
increased competition and find ways to stay competitive. The need to show why
hiring them would serve Dutch multinationals better compared to those new
foreign kids on the block must be a priority.
(Image courtesy of Osborne Clarke)
(Image courtesy of Osborne Clarke)