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Finland boasts a stable and well-established legal system, ranking among the top 20 globally in terms of rule of law. The legal market is valued at €1.1 billion, with an average annual growth of 3.9%. Key practice areas include banking & finance, capital markets, M&A, dispute resolution, and intellectual property.
The Finnish government actively procures legal services through a transparent and competitive bidding process. In 2023 alone, the government spent €10 million on legal services, with an estimated 20% increase projected for 2024.
The government primarily procures legal services in the following areas:
Litigation and dispute resolution: Representing the government in court cases and administrative proceedings.
Regulatory compliance: Advising government agencies on compliance with Finnish and European laws.
Contract drafting and review: Drafting and reviewing contracts for government projects and procurements.
Mergers and acquisitions: Advising the government on mergers and acquisitions involving state-owned enterprises.
Public international law: Representing Finland in international legal matters.
The key authorities responsible for legal procurement in Finland include:
Ministry of Justice: Oversees the legal system and ensures its proper functioning.
Hansel: Central government procurement agency responsible for managing public procurement of goods and services, including legal services.
Local government procurement units: Each municipality has its own procurement unit responsible for local government legal services.
Some of the top legal firms consistently winning government procurement contracts in Finland include:
Borenius: Renowned for its expertise in M&A and dispute resolution.
Castrén & Snellman: Leading law firm with strong presence in corporate law and capital markets.
Krogerus: Recognized for its expertise in banking & finance and intellectual property.
Roschier: International law firm with a strong presence in the Nordic region and expertise in various practice areas.
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