Didier De Vliegher of Nautadutilh takes an in-depth look at key trends in the Belgium real estate market.
"While the public sector dominance in Brussels gives the city a reputation as a stable office market, Belgian real estate costs are 25.5 per cent higher than the European average. In this regard, the main concern is the higher costs compared to our Dutch neighbours."
Who’s Who Legal brings together Jay Epstien of DLA Piper, Susan Talley of Stone Pigman Walther Wittmann and Javier Canosa of Canosa Abogados to discuss levels and types of activity, domestic and foreign investment trends and the potential impact of changes in interest rates on the real estate market.
Abe Schear of Arnall Golden Gregory analyses the developments in the US real estate market and discusses the impact this will have on firms practising in the sector:
“Attorneys and firms can of course remain local (or regional) and each firm should follow its business plan, but failing to think globally and anticipate changes will likely in some instances result in lost opportunities.”
Marc Bartholomy and Anna Krutik of Clifford Chance take an in-depth look at the Russian real estate market.
"The Russian real estate market continues to be of great interest to domestic and foreign investors, and, as such, the sector is expected to continue to be busy, but there will likely be more medium-sized deals in commercial real estate than extraordinary headline transactions."
This year we identify 714 practitioners from 375 firms who are considered leading experts in real estate law. Several firms stand out in our research due to the high number of inclusions they receive, with DLA Piper leading the way. The firm has 26 lawyers recognised across 17 offices throughout Europe, Asia-Pacific and the US. Clifford Chance performs strongly with 14 individuals singled out. The firm is also home to three of our most highly regarded individuals in the EMEA region. Berwin Leighton Paisner is another heavyweight in this area and is represented by 10 lawyers, five of whom hail from the London office. Following closely behind, Ballard Spahr, Linklaters and Herbert Smith Freehills all perform impressively this year with nine lawyers apiece.
We also identify the most highly regarded individuals in the world in three different sections: the Americas, EMEA and Asia-Pacific.
The status of gateway cities such as London, New York and San Francisco as “safe havens” has led to an influx of foreign investment, creating frenzied activity among investors competing for limited real estate opportunities. With this sharp rise in activity, law firms are turning their attention to staffing needs and reassessing their position in the market – resulting in a dynamic legal marketplace over the last year as some firms bolster their real estate practices and others quit the market for good.
This year, we identify 695 lawyers from 347 firms and 35 countries who are considered leading lawyers in the field. “Global giant” DLA Piper leads our research with 25 of its practitioners recognised in this edition from 12 different jurisdictions. Thirteen individuals from Clifford Chance stand out this year, with the Frankfurt office being particularly well represented with four of its partners recognised. “Leading” global firm Linklaters boasts the inclusion of 11 lawyers, 10 of whom are based in Europe, and US firm Ballard Spahr achieves 10 listings. A further five top firms are also recognised.
We also singled out the most highly regarded individuals in the world in this field.
Our research this year indicates that the international real estate market is very much a mixed bag. We received extremely varied reports on levels of activity, availability of capital, types of investors and lenders and the state of the legal market. Though the global picture is fractured and there is great variation between and within jurisdictions, the majority of those we spoke to were keeping busy and remained hopeful that the year ahead could bring further improvements.
With the benefit of over 14 years of research and tens of thousands of votes from clients and private practitioners, Who’s Who Legal takes a closer look at developing trends in the real estate legal marketplace worldwide.
In this section we anlayse the findings of our research in greater depth to identify the firms and practitioners who stand out worldwide.
This edition lists 629 real estate law experts in 40 different jurisdictions, all of whom can be considered leaders in their field. Our international real estate law firm of the year DLA Piper LLP places more lawyers in this edition than any other firm, with a total of 26 listings from 14 offices across Europe, Asia, the Middle East and the USA.
The last time Who’s Who Legal examined the real estate markets in June 2009 we signed off our analysis by noting the decline of the real estate department as a major fee earner in full-service law firms.
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.