Demand for legal services reflects global economic activity

Frank Turner

Nov 25, 2013

Best Lawyers Special Information Feature, The Globe and Mail

[Extract]

With healthy demand for legal work related to areas from infrastructure to financial services, Canada’s top law firms anticipate increasing business in the year ahead, mirroring the expected improvements in the global economy

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At Osler, Hoskin & Harcourt LLP, which has more than 400 lawyers practising nationally and internationally from offices across Canada and in New York, 2014 is expected to bring a general improvement in transaction volumes, says Frank Turner, national co-chair of the firm’s corporate group. He expects stronger numbers in corporate finance and mergers and acquisitions, especially with signs of increased Canadian investment activity by state-owned enterprises, which declined significantly in 2013.

Infrastructure “has been a driver of a fair amount of legal work over the last 24 months” and will continue to be strong, he says. Other active practice areas for Osler include tax disputes, class action defence and REITs. Canada’s financial services sector has weathered the financial crisis well, he notes, and has grown outside of Canada through acquisitions.

Mr. Turner says the outlook for Canada-U.S. cross-border activity is robust. Osler’s office in New York has 25 legal professionals focused on cross-border transactions, tax, employment and pension benefit issues.

The full article, which also lists firms with the highest number of lawyers in the latest edition of the Best Lawyers in Canada, is available here.

For the list of Osler lawyers recognized by Best Lawyers, click here