The 2023 “Globes”-Statista survey of the 100 finest legislation corporations in Israel finds the merger development persevering with, however the leak of expertise to high-tech has halted.
2022 was a 12 months wherein the most important traits within the authorized providers market moved up a gear. There have been giant mergers, and the competitors for prime quality folks grew fiercer. On the similar time, the generational change within the legislation corporations’ managing companions which has been happening lately continued. The survey by “Globes” and Statista that ranks the 100 finest legislation corporations in Israel sheds new mild on the traits shaping the Israeli authorized providers market right now. These are the outcomes.
The mergers: Is measurement a bonus?
Previously few years we’ve seen mergers of small and medium-size corporations into giant corporations, companions switching corporations, and entire departments leaving a agency and becoming a member of a bigger one. Many imagine that their enterprise future necessitates change and becoming a member of corporations that present a one cease store, a full vary of providers for purchasers. Previously 12 months the development has strengthened, with the most important merger happening between Goldfarb-Seligman & Co. and Gross & Co. to kind the most important agency within the nation, with 520 legal professionals. The earlier 12 months noticed the merger between veteran agency Yigal Arnon & Co. and Tadmor Levy.
Classes:
All
*****Administrative and PublicBanking and FinanceCapital MarketsClass Actions and Spinoff SuitsCommercial Dispute Decision (Litigation, Arbitration, Mediation)Competitors and AntitrustCorporate and CommercialCriminalDefamationEnergyEnvironmentalFamily and InheritanceHealthcare and Life SciencesHigh-Tech and Begin-upsInformation Expertise and Knowledge ProtectionInfrastructureInsuranceIntellectual PropertyLabor and EmploymentMergers & AcquisitionsPlanning and ZoningPrivate Fairness, Enterprise Capital and Fund FormationReal Property, Building and City RenewalRegulatoryRestructuring and InsolvencyTMT (Expertise, Media and Telecom)TaxTort/DamagesWhite Collar Crimes
Search:
Legislation Agency Discipline
*Agmon & Co. Rosenberg Hacohen & Co.Administrative and Public; Banking and Finance;Capital Markets; Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation);Competitors and Antitrust; Company and Business;Vitality; Environmental; Planning and Zoning; Actual Property, Building and City Renewal;Regulatory*Alon Anker Legislation OfficeReal Property, Building and City Renewal*Alter Attorneys at LawTax*Amir Steinhertz & Co., Legislation Workplace & NotaryReal Property, Building and City Renewal*Amit, Pollak, Matalon & Co.Banking and Finance; Business Dispute Decision (Litigation, Arbitration, Mediation); Excessive-Tech and Begin-ups; Data Expertise and Knowledge Safety; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Building and City Renewal; Restructuring and Insolvency; Restructuring and Insolvency;*Anat Biran, Legislation OfficesAdministrative and Public; Planning and Zoning; Actual Property, Building and City Renewal;*Attias, Grauer, Vishnitzky, Inbar, Hakim & Co.Restructuring and Insolvency;*Avi Himi Legislation FirmCriminal;*Avivit Moskovich | Legislation FirmFamily and Inheritance;*Avniel, Salomon & Co.Business Dispute Decision (Litigation, Arbitration, Mediation);*Ayala Polak-Moshe, Legislation Workplace, Notary & MediationFamily and Inheritance;*AYR Amar Reiter Jeanne Shochatovitch & Co.Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Actual Property, Building and City Renewal;*Barnea Jaffa Lande Legislation OfficesCommercial Dispute Decision (Litigation, Arbitration, Mediation); Company and Business; Vitality; Non-public Fairness, Enterprise Capital and Fund Formation;*Battash & Co., Legislation FirmCommercial Dispute Decision (Litigation, Arbitration, Mediation);*Ben Ari Fish Legislation OfficesAdministrative and Public; Environmental*Ben Zur Corb & Co.Business Dispute Decision (Litigation, Arbitration, Mediation); White Collar Crimes;*Berkman & Co.Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation);*BGA – Balter, Guth, Aloni & Co.Administrative and Public*BL&Z Legislation Places of work & NotariesCorporate and Business; Excessive-Tech and Begin-ups; Data Expertise and Knowledge Safety; Mental Property;*Boaz Kraus AdvocatesFamily and Inheritance;*Charcon, Ben-Ami, Asher & Co. Legislation FirmAdministrative and Public; Planning and Zoning; Actual Property, Building and City Renewal;*Chen, Fisher Legislation OfficeBanking and Finance; Actual Property, Building and City Renewal;*Chen, Yaari & Co.White Collar Crimes;*Cohen, Wilchek & Co.Administrative and Public; Planning and Zoning; Actual Property, Building and City Renewal;*Dahan Legislation FirmBanking and Finance*Daniel Zolotovitzky, Legislation FirmIntellectual Property;*Doron, Tikotzky, Kantor, Gutman, Ness, Amit Gross & Co.Capital Markets; Actual Property, Building and City Renewal;*Dr. A. Klagsbald & Co.Administrative and Public; Business Dispute Decision (Litigation, Arbitration, Mediation);*Drori-Stav & Co., Advocates and Patent AttorneysIntellectual Property;*E.Shiloh & Co. Attorneys-at-LawAdministrative and Public*Efrat Deutsch & Co.Labor and Employment;*Ehrlich GroupCommercial Dispute Decision (Litigation, Arbitration, Mediation); Mental Property;*Eldar Peretz & Co. Legislation OfficeBanking and Finance; Capital Markets;*ENF – Eli, Nadler & Co. – Legislation FirmCorporate and Business; Excessive-Tech and Begin-ups;*Erdinast, Ben Nathan, Toledano & Co. with Hamburger EvronAdministrative and Public ;Banking and Finance; Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Company and Business; Infrastructure; Labor and Employment; Mergers & Acquisitions; Actual Property, Building and City Renewal; Restructuring and Insolvency;*ERM | Epstein Rosenblum MaozEnergy; Excessive-Tech and Begin-ups; Company and Business*Faust, Klein & Co.Business Dispute Decision (Litigation, Arbitration, Mediation);*FISCHER (FBC & Co.)Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Company and Business; Excessive-Tech and Begin-ups; Infrastructure; Mergers & Acquisitions; Planning and Zoning; Actual Property, Building and City Renewal; Regulatory; Restructuring and Insolvency;*Friedman Yunger & Co. AdvocatesCommercial Dispute Decision (Litigation, Arbitration, Mediation);*Furth, Wilensky, Mizrachi, Knaani Legislation Places of work | FWMKClass Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Company and Business; Actual Property, Building and City Renewal;*Gilat Bareket & Co. – Reinhold Cohn GroupIntellectual Property;*Gissin & Co., AdvocatesRestructuring and Insolvency;*Goldfarb Seligman & Co.Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Company and Business; Vitality; Environmental; Excessive-Tech and Begin-ups; Data Expertise and Knowledge Safety; Mergers & Acquisitions; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Building and City Renewal; Regulatory;Restructuring and Insolvency; Tax; White Collar Crimes;*Gornitzky & Co.Administrative and Public; Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Company and Business; Vitality; Household and Inheritance; Excessive-Tech and Begin-ups; Data Expertise and Knowledge Safety; Infrastructure; Mergers & Acquisitions; Non-public Fairness, Enterprise Capital and Fund Formation; Restructuring and Insolvency; Tax;*Gross & Co. Legislation FirmAdministrative and Public ;Banking and Finance; Capital Markets; Company and Business; Vitality; Healthcare and Life Sciences; Excessive-Tech and Begin-ups; Mergers & Acquisitions; Planning and Zoning; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Building and City Renewal;*Gross Orad Schlimoff & Co.Insurance coverage;*Hadad, Roth, Shenhar & Co. Legislation OfficeDefamation;*Hagay Shabtay, Shapiro Legislation OfficesReal Property, Building and City Renewal;*Halevi – Legislation OfficeReal Property, Building and City Renewal;*Harari Toister & Co. Legislation OfficeAdministrative and Public; Planning and Zoning; Actual Property, Building and City Renewal;*Herzog Fox & NeemanAdministrative and Public ;Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Company and Business; Defamation; Vitality; Environmental; Data Expertise and Knowledge Safety; Excessive-Tech and Begin-ups; Infrastructure; Labor and Employment; Mergers & Acquisitions; Planning and Zoning; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Building and City Renewal; Regulatory; Tax; TMT (Expertise, Media and Telecom);*H-F & Co.Excessive-Tech and Begin-ups; Data Expertise and Knowledge Safety;*Holin-Hadas Legislation OfficeLabor and Employment;*Horovitz, Even, Uzan & Co.Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation);*Ilan Bombach & Co.Administrative and Public; Defamation;*Kalai, Rosen & Co.Class Actions and Spinoff Fits;*Klainman Naor & Co. Legislation OfficesCommercial Dispute Decision (Litigation, Arbitration, Mediation); White Collar Crimes;*KLaw Kadouch & Co.Actual Property, Building and City Renewal;*Levitan, Sharon & Co.Insurance coverage;*Lieblich-Moser-Gluck Legislation FirmDefamation;*Lipa Meir & Co.Administrative and Public; Actual Property, Building and City Renewal;*Luzzatto Legislation FirmIntellectual Property;*M. Firon & Co. AdvocatesAdministrative and Public ;Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Company and Business; Environmental; Labor and Employment; Actual Property, Building and City Renewal; Regulatory;*Meir Mizrahi & Co.Tax;*Meitar | Legislation OfficesAdministrative and Public ;Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Company and Business; Vitality; Excessive-Tech and Begin-ups; Data Expertise and Knowledge Safety; Infrastructure; Mental Property; Mergers & Acquisitions; Planning and Zoning; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Building and City Renewal; Restructuring and Insolvency; Tax; TMT (Expertise, Media and Telecom); Tort/Damages;*N. Feinberg & Co.Labor and Employment;*Naschitz Brandes AmirCapital Markets; Business Dispute Decision (Litigation, Arbitration, Mediation); Company and Business; Insurance coverage; Mergers & Acquisitions; Restructuring and Insolvency; Tort/Damages; Excessive-Tech and Begin-ups*Ofer Toister, AdvocatesPlanning and Zoning;*Ofir Yizhaki, Adv & NotaryFamily and Inheritance;*Oren Klein Hasid Gal-Yam, Legislation OfficeCommercial Dispute Decision (Litigation, Arbitration, Mediation); Company and Business; Excessive-Tech and Begin-ups; Mental Property; Mergers & Acquisitions;*Orna Lin & Co.Labor and Employment;*Pearl Cohen Zedek Latzer BaratzHigh-Tech and Begin-ups; Data Expertise and Knowledge Safety; Infrastructure; Mental Property;*Rubin-Shmuelevich Legislation Workplace [As of January 1, 2023 Rubin-Shmuelevich Law Office splits into two offices: Dafna Shmuelevich & Co. (dsh-law.com) and Gideon Rubin & Co, law office (rublaw.co.il)]Labor and Employment;*S. Friedman, Abramson & Co.Business Dispute Decision (Litigation, Arbitration, Mediation); Actual Property, Building and City Renewal;*S. Horowitz & Co.Administrative and Public ;Banking and Finance; Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Mental Property;*Sabari Farkash & Co.Business Dispute Decision (Litigation, Arbitration, Mediation);*Sagiv, Belzer & Co.Actual Property, Building and City Renewal;*SGS Shnitzer Gotlieb Samet & Co.Administrative and Public; Capital Markets; Business Dispute Decision (Litigation, Arbitration, Mediation); Actual Property, Building and City Renewal;*Sheinman-Negev-Niv Legislation OfficesWhite Collar Crimes;*Shekel & Co.Tax;*Shibolet & Co.Administrative and Public; Capital Markets; Business Dispute Decision (Litigation, Arbitration, Mediation); Vitality; Excessive-Tech and Begin-ups; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Building and City Renewal; TMT (Expertise, Media and Telecom);*Shimonov & Co.Capital Markets;*Shimony Gross & Co.Business Dispute Decision (Litigation, Arbitration, Mediation);*Shmuel Moran – Legislation FirmFamily and Inheritance;*Shoval Yosha Legislation Places of work & NotaryReal Property, Building and City Renewal;*Steinmetz, Haring, Gurman & Co.Actual Property, Building and City Renewal;*Tel-Zur & Co. Legislation FirmCommercial Dispute Decision (Litigation, Arbitration, Mediation); White Collar Crimes;*Tenenbaum Vaknin & Co.Business Dispute Decision (Litigation, Arbitration, Mediation); Company and Business; Excessive-Tech and Begin-ups;*Tulchinsky Marciano Cohen Levitski & Co.Healthcare and Life Sciences; Labor and Employment;*U. Barzily Legislation OfficesTax;*Vinograd & Co.Non-public Fairness, Enterprise Capital and Fund Formation;*Weinroth & Co.Actual Property, Building and City Renewal;*Weksler Bregman & Co.Business Dispute Decision (Litigation, Arbitration, Mediation); Actual Property, Building and City Renewal;*Yehuda Raveh & Co.Administrative and Public; Business Dispute Decision (Litigation, Arbitration, Mediation); Infrastructure; Restructuring and Insolvency;*Arnon, Tadmor-LevyAdministrative and Public ;Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Business Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Company and Business; Excessive-Tech and Begin-ups; Data Expertise and Knowledge Safety; Infrastructure; Mergers & Acquisitions; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Building and City Renewal; Regulatory; Restructuring and Insolvency; TMT (Expertise, Media and Telecom);*Yigal Borochovsky & Co.Banking and Finance; Business Dispute Decision (Litigation, Arbitration, Mediation);*Yoni Estraicher & Co.Tax;*Yossi Levy & Co.Competitors and Antitrust; Infrastructure;*Zeev Scharf & Co.Business Dispute Decision (Litigation, Arbitration, Mediation);*Ziv Sharon & Co.Tax;
Present extra
Within the “Globes”-Statista survey carried out amongst greater than 2,300 legal professionals and purchasers, the respondents have been requested whether or not they most well-liked a boutique agency or a big, worldwide agency. Solely 21% replied that they would favor a big agency, whereas 36% stated they would favor a boutique agency. A lot of the respondents, 41%, connected no significance in any respect to the dimensions of the agency.
However, a look on the rating itself reveals that there’s a bonus to measurement. The large corporations stood out for suggestions by their colleagues and by purchasers over a broad vary of areas. Final 12 months, we interviewed Adv. Gil White, managing associate at Herzog Fox & Neeman. He was truly unimpressed by the thought of the benefit of measurement. “Measurement as such is just not a price. There are small corporations which can be of upper high quality and extra worthwhile than a big agency. Measurement in itself means nothing. While you develop organically, the expansion is extra solidly primarily based. It additionally prevents friction, disputes, and in the end splits as nicely,” White stated.
Adv. Barak Tal, managing associate and head of litigation at Yigal Arnon, thinks otherwise. In an interview with “Globes” earlier this 12 months, he stated, “We understood that there can be no place for mid-size corporations out there. We understood that there can be large corporations and boutique corporations, and that it’s a must to select. The merger is a transfer in a aggressive market. My strategic considering for a merger has three heads: purchasers, workers, and innovation. The will to be engaging to workers is among the concerns.”
Adv. Amir Chen, managing associate at Fischer (FBC & Co.) informed “Globes” final 12 months: “The authorized providers sector is turning into polarized. On the one hand, we’re seeing big corporations which can be rising, and however, boutique corporations that concentrate on one specialty. The center layer of corporations is steadily shrinking, and I see the polarization development turning into stronger.”
Generational change: Younger legal professionals turning into managing companions
In recent times we’ve witnessed a generational transition within the authorized providers market. In 2021, at age 47, Adv. Gil White was appointed managing associate at Herzog Fox & Neeman instead of Adv. Meir Linzen, who grew to become chairperson of the agency. In that 12 months, two senior companions on the agency, Advert. Ehud (Udi) Sol and Adv. Ilanit Landesman Yogev, who ran the Company and Securities Division, left to arrange a enterprise offering disaster administration providers and administration consultancy, and to advise on offers and funding banking.
This 12 months, veteran agency S. Horowitz & Co. determined to nominate three new managing companions, Adv. Benjamin (Benny) Sheffer, Adv. Amit Steinman, and Adv. Eran Bezalel. After twenty years wherein the agency was run by the three dominant companions, Adv. Yehoshua (Shuki) Horesh, Adv. Alex Hertman, and Adv. Tal Band – the final serving as managing associate for over a decade – the reins have been handed over to the subsequent era, three companions who began out as interns on the agency within the Nineties.
At Agmon & Co. Rosenberg Hachohen & Co., headed by founder Zvi Agmon, a brand new era of managing companions has been appointed inside the previous few years: Adv. Moran Aumann and Adv. Avi Porten, who heads the true property observe.
Situations: Salaries soar, then halt
The legal professionals have been requested, “Would you suggest your son or daughter to observe in your footsteps and develop into a lawyer?” Most, 53%, answered within the detrimental. 47% answered positively.
The respondents have been additionally requested to amplify their solutions. Most of those that gave detrimental responses talked about how the market was flooded, and particularly concerning the compensation and the lengthy working hours. In January 2022, legal professionals salaries rose considerably and their employment circumstances and work atmosphere improved, as lots of them switched to technological professions, and demand for legal professionals peaked. However then got here the second half of 2022.
Winds of recession began to blow within the international financial system, inflation charges shot up, and central financial institution rates of interest rose accordingly. The macro-economic adjustments hit the native and international expertise sectors nearly instantly. Fund elevating rounds dried up, flotations have been postponed, and layoffs weren’t sluggish in coming. The uncertainty halted the development of legal professionals leaving the legislation for high-tech, which offset the demand. The across-the-board wage rises that characterised the early months of 2022 nearly fully stopped. In January 2023, the big, prestigious corporations raised salaries by about 7% on common. Interns’ salaries have been unchanged, at about NIS 11,500 gross month-to-month. On the mid-size and small corporations there have been no wage rises in any respect. Even a few of the large corporations didn’t replace their wage scales. Goldfarb-Seligman, which in 2022 raised salaries twice, left them unchanged this 12 months for junior legal professionals.
Nonetheless, regardless of the sense that the market is flooded, when respondents have been requested to call the developments that will have an effect on their corporations within the coming years, a big majority, 62%, replied that “a scarcity of latest expert workers” can be the decisive growth. 23% named coaching of present workers, an extra 23% (respondents may select a couple of response) talked about altering laws and regulation, and 35% topped digitization as the event that will have essentially the most influence on their corporations within the close to future.
Methodology
Survey and pattern
The listing of “Israel’s Finest Legislation Corporations 2023” relies on suggestions made by legal professionals working in legislation corporations (peer-to-peer survey) and purchasers (particularly in-house legal professionals in company authorized departments) in 29 completely different fields of legislation.
Greater than 9,000 legal professionals and purchasers working in Israel have been invited to participate within the survey. The pattern was collected through analysis carried out by Statista utilizing web sites and publicly accessible sources. Invites have been despatched by e-mail with a personalised hyperlink that might solely be used as soon as.
As well as, authorized specialists may take part within the survey by registering on-line. These contributors needed to validate themselves by offering a private firm e-mail tackle earlier than their solutions have been included within the analysis. The hyperlink to the self-registration website was made accessible on-line on the Globes web site.
The survey was carried out on-line between July 19 and September 30, 2022. A complete of two,317 contributors took half. Self-recommendations (advice of 1’s personal legislation agency) have been prohibited and never included within the analysis.
The contributors have been additionally requested to reply some non-compulsory editorial questions. There was additionally a possibility to reply questions on developments within the authorized occupation in Israel.
Finest legislation corporations itemizing
The highest 100 legislation corporations in Israel have been recognized on the idea of the variety of suggestions every acquired. They’re sorted in alphabetical order. Every of the ranked legislation corporations acquired an above-average variety of suggestions. The listing additionally reveals whether or not corporations have been particularly advisable inside a selected discipline of legislation. As well as, the highest ten corporations and the highest 5 in every discipline of legislation are indicated. The web sites of those legislation corporations and their places of work in Israel have been researched and recorded.
The “Israel’s Finest Legislation Corporations 2023” listing was compiled via an elaborate course of, however this doesn’t indicate an goal and full evaluation of high quality.
About Statista
Statista publishes worldwide rankings and firm listings with excessive profile media companions. This analysis and evaluation service relies on the success of statista.com, a number one knowledge and enterprise intelligence portal that gives statistics, enterprise related knowledge, and numerous market and shopper research/surveys.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 23, 2023.
© Copyright of Globes Writer Itonut (1983) Ltd., 2023.
