Record-Breaking Growth in Castrén & Snellman's Revenue Paving the Path for Future
Castrén & Snellman saw record-breaking growth in 2021. The law firm’s revenue for the financial year ended January 2022 was EUR 66.2 million, an increase of 27 per cent compared to the previous financial year. During the last two years, the firm’s revenue has grown by more than a third.
‘The business environment has seen radical change, and our clients are faced with increasingly high legal and regulatory requirements. The demand for our advice is at an all-time high. In this new environment, we have taken the leading position in the legal services market by doing things in our own unique way. I am extremely proud of our amazing team and of the work we do together. It is our mission to help our clients succeed, and we will continue to give our best when it comes to supporting our clients’, says Sakari Lukinmaa, Managing Partner.
Castrén & Snellman has outpaced the market growth throughout the entire service offering, in mergers and acquisitions and in dispute resolution as well as in other areas of business law. We have been involved in Finland’s most significant M&A work, disputes and growth financing rounds as well as a number of IPOs. The growth of our business reflects our strong expertise in green financing, energy and technology.
‘I’d like to thank our clients for the trust they’ve shown us. A huge thanks also to our whole personnel —everyone at C&S—for their uncompromising work in supporting our clients in highly demanding assignments. We will continue to offer the best customer and employee experience in the market. Two consecutive years of strong growth give us a clear path for the future’, continues Lukinmaa.
Nearly 300 top experts in 22 fields of law
While demand for our services is on the rise, Castrén & Snellman has strived to ensure sustainable growth by actively recruiting new talent. During 2020 and 2021, the number of our employees has increased by 35 experts. In 2021, C&S became the largest law firm in Finland in terms of lawyers based in the country.
‘Our interesting and demanding client cases attract top experts who want to develop themselves and their skills. Castrén & Snellman’s unique culture is another major attraction. With this recipe, we can continue providing comprehensive and high-quality advice. We will cherish our values and our unique culture of cooperation and continue focusing on the well-being and continuous learning of our people’, says Lukinmaa.
The latest Partner appointments also support C&S’s strategy for the future: Ilona Karppinen and Kim Parviainen strengthened our Dispute Resolution team in February 2022, and Thomas Landell became Partner in our Mergers & Acquisitions and Capital Markets services this May.
At the end of the financial year 2021 the firm had 293 employees.
We have maintained high customer satisfaction in our expertise and services alongside our strong growth. Our services and experts were once again ranked among the best in business in the latest Chambers Europe and Legal 500 ratings.
In 2021, our firm received several international recognitions: Women in Business Law Awards Europe and The Lawyer European Awards named Castrén & Snellman the Scandinavian Law Firm of the Year, and we won the Benchmark Litigation Europe Award for Finland Law Firm of the Year.