Israel: Anti-fragile
Battered by regional turbulence, Israel’s tech-infused economy has made virtue of handling challenge and adversity. Its legal profession is no exception, writes Dominic Carman.
Despite international law firms being allowed to operate in Israel, they have invariably chosen not to. The legal market is therefore monopolised by domestic players, many of which have grown significantly and the main contributory factor has been a glut of mergers. According to David Tadmor, co-chairman and managing partner of Tadmor Levy, today the largest firm has close to 400 fee-earners, whereas in 2000 it was around 65 lawyers. Herzog Fox & Neeman (HFN) is Israel’s largest law firm, with 380 fee-earners, and at least 20 Israeli firms now have more than 100 lawyers. ‘What sets us apart is that we have grown organically rather than through mergers like some of our competitors,’ says HFN infrastructure partner Mark Phillips.
Read the full article, published in Legal Business, here.
