The Canadian legal market is booming, but with high domestic growth and intense international interest comes fierce competition from both private and in-house practitioners. In a crowded marketplace, it can be difficult for firms to stand out, particularly in testing economic times. However, Canadian lawyers have excelled at adapting and diversifying in response to the post-crisis global landscape. The country’s notable firms are mainly Canadian-founded firms but with an international presence, especially in the United States. The significance of North American relations is mirrored in our research with five out of 11 of our leading firms having respected US based expertise. Further, earlier this year our research identified the world’s top performing firms in the Who’s Who Legal 100, of which five Canadian powerhouses featured, Fasken Martineau DuMoulin LLP, McCarthy Tétrault LLP, Norton Rose LLP, Osler Hoskin & Harcourt LLP and Stikeman Elliott LLP.
View the profiles of the leading law firms in 2012.
The consolidations in the market have demonstrated the ambitious expansion of some firms, as mid-sized firms become larger, and larger firms become subsume smaller, boutique set, which are slowly disappearing in the market. The effect is more competitive fees and a wider pool of talent from which clients can choose.