The 2023 “Globes”-Statista survey of the 100 finest regulation companies in Israel finds the merger development persevering with, however the leak of expertise to high-tech has halted.
2022 was a 12 months by which the most important developments within the authorized providers market moved up a gear. There have been massive mergers, and the competitors for top of the range folks grew fiercer. On the identical time, the generational change within the regulation companies’ managing companions which has been going down lately continued. The survey by “Globes” and Statista that ranks the 100 finest regulation companies in Israel sheds new gentle on the developments shaping the Israeli authorized providers market at the moment. These are the outcomes.
The mergers: Is measurement a bonus?
Up to now few years we’ve got seen mergers of small and medium-size companies into massive companies, companions switching companies, and entire departments leaving a agency and becoming a member of a bigger one. Many consider that their enterprise future necessitates change and becoming a member of companies that present a one cease store, a full vary of providers for purchasers. Up to now 12 months the development has strengthened, with the most important merger going down between Goldfarb-Seligman & Co. and Gross & Co. to kind the biggest 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:
Search:
| Regulation Agency | Discipline | |
|---|---|---|
| * | Agmon & Co. Rosenberg Hacohen & Co. | Administrative and Public; Banking and Finance;Capital Markets; Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation);Competitors and Antitrust; Company and Industrial;Vitality; Environmental; Planning and Zoning; Actual Property, Development and City Renewal;Regulatory |
| * | Alon Anker Regulation Workplace | Actual Property, Development and City Renewal |
| * | Alter Attorneys at Regulation | Tax |
| * | Amir Steinhertz & Co., Regulation Workplace & Notary | Actual Property, Development and City Renewal |
| * | Amit, Pollak, Matalon & Co. | Banking and Finance; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Excessive-Tech and Begin-ups; Info Expertise and Knowledge Safety; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Development and City Renewal; Restructuring and Insolvency; Restructuring and Insolvency; |
| * | Anat Biran, Regulation Places of work | Administrative and Public; Planning and Zoning; Actual Property, Development and City Renewal; |
| * | Attias, Grauer, Vishnitzky, Inbar, Hakim & Co. | Restructuring and Insolvency; |
| * | Avi Himi Regulation Agency | Prison; |
| * | Avivit Moskovich | Regulation Agency | Household and Inheritance; |
| * | Avniel, Salomon & Co. | Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | Ayala Polak-Moshe, Regulation Workplace, Notary & Mediation | Household and Inheritance; |
| * | AYR Amar Reiter Jeanne Shochatovitch & Co. | Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Actual Property, Development and City Renewal; |
| * | Barnea Jaffa Lande Regulation Places of work | Industrial Dispute Decision (Litigation, Arbitration, Mediation); Company and Industrial; Vitality; Non-public Fairness, Enterprise Capital and Fund Formation; |
| * | Battash & Co., Regulation Agency | Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | Ben Ari Fish Regulation Places of work | Administrative and Public; Environmental |
| * | Ben Zur Corb & Co. | Industrial Dispute Decision (Litigation, Arbitration, Mediation); White Collar Crimes; |
| * | Berkman & Co. | Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | BGA – Balter, Guth, Aloni & Co. | Administrative and Public |
| * | BL&Z Regulation Places of work & Notaries | Company and Industrial; Excessive-Tech and Begin-ups; Info Expertise and Knowledge Safety; Mental Property; |
| * | Boaz Kraus Advocates | Household and Inheritance; |
| * | Charcon, Ben-Ami, Asher & Co. Regulation Agency | Administrative and Public; Planning and Zoning; Actual Property, Development and City Renewal; |
| * | Chen, Fisher Regulation Workplace | Banking and Finance; Actual Property, Development and City Renewal; |
| * | Chen, Yaari & Co. | White Collar Crimes; |
| * | Cohen, Wilchek & Co. | Administrative and Public; Planning and Zoning; Actual Property, Development and City Renewal; |
| * | Dahan Regulation Agency | Banking and Finance |
| * | Daniel Zolotovitzky, Regulation Agency | Mental Property; |
| * | Doron, Tikotzky, Kantor, Gutman, Ness, Amit Gross & Co. | Capital Markets; Actual Property, Development and City Renewal; |
| * | Dr. A. Klagsbald & Co. | Administrative and Public; Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | Drori-Stav & Co., Advocates and Patent Attorneys | Mental Property; |
| * | E.Shiloh & Co. Attorneys-at-Regulation | Administrative and Public |
| * | Efrat Deutsch & Co. | Labor and Employment; |
| * | Ehrlich Group | Industrial Dispute Decision (Litigation, Arbitration, Mediation); Mental Property; |
| * | Eldar Peretz & Co. Regulation Workplace | Banking and Finance; Capital Markets; |
| * | ENF – Eli, Nadler & Co. – Regulation Agency | Company and Industrial; Excessive-Tech and Begin-ups; |
| * | Erdinast, Ben Nathan, Toledano & Co. with Hamburger Evron | Administrative and Public ;Banking and Finance; Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Company and Industrial; Infrastructure; Labor and Employment; Mergers & Acquisitions; Actual Property, Development and City Renewal; Restructuring and Insolvency; |
| * | ERM | Epstein Rosenblum Maoz | Vitality; Excessive-Tech and Begin-ups; Company and Industrial |
| * | Faust, Klein & Co. | Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | FISCHER (FBC & Co.) | Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Company and Industrial; Excessive-Tech and Begin-ups; Infrastructure; Mergers & Acquisitions; Planning and Zoning; Actual Property, Development and City Renewal; Regulatory; Restructuring and Insolvency; |
| * | Friedman Yunger & Co. Advocates | Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | Furth, Wilensky, Mizrachi, Knaani Regulation Places of work | FWMK | Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Company and Industrial; Actual Property, Development and City Renewal; |
| * | Gilat Bareket & Co. – Reinhold Cohn Group | Mental Property; |
| * | Gissin & Co., Advocates | Restructuring and Insolvency; |
| * | Goldfarb Seligman & Co. | Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Company and Industrial; Vitality; Environmental; Excessive-Tech and Begin-ups; Info Expertise and Knowledge Safety; Mergers & Acquisitions; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Development 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 Industrial; Vitality; Household and Inheritance; Excessive-Tech and Begin-ups; Info Expertise and Knowledge Safety; Infrastructure; Mergers & Acquisitions; Non-public Fairness, Enterprise Capital and Fund Formation; Restructuring and Insolvency; Tax; |
| * | Gross & Co. Regulation Agency | Administrative and Public ;Banking and Finance; Capital Markets; Company and Industrial; 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, Development and City Renewal; |
| * | Gross Orad Schlimoff & Co. | Insurance coverage; |
| * | Hadad, Roth, Shenhar & Co. Regulation Workplace | Defamation; |
| * | Hagay Shabtay, Shapiro Regulation Places of work | Actual Property, Development and City Renewal; |
| * | Halevi – Regulation Workplace | Actual Property, Development and City Renewal; |
| * | Harari Toister & Co. Regulation Workplace | Administrative and Public; Planning and Zoning; Actual Property, Development and City Renewal; |
| * | Herzog Fox & Neeman | Administrative and Public ;Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Company and Industrial; Defamation; Vitality; Environmental; Info 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, Development and City Renewal; Regulatory; Tax; TMT (Expertise, Media and Telecom); |
| * | H-F & Co. | Excessive-Tech and Begin-ups; Info Expertise and Knowledge Safety; |
| * | Holin-Hadas Regulation Workplace | Labor and Employment; |
| * | Horovitz, Even, Uzan & Co. | Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | Ilan Bombach & Co. | Administrative and Public; Defamation; |
| * | Kalai, Rosen & Co. | Class Actions and Spinoff Fits; |
| * | Klainman Naor & Co. Regulation Places of work | Industrial Dispute Decision (Litigation, Arbitration, Mediation); White Collar Crimes; |
| * | KLaw Kadouch & Co. | Actual Property, Development and City Renewal; |
| * | Levitan, Sharon & Co. | Insurance coverage; |
| * | Lieblich-Moser-Gluck Regulation Agency | Defamation; |
| * | Lipa Meir & Co. | Administrative and Public; Actual Property, Development and City Renewal; |
| * | Luzzatto Regulation Agency | Mental Property; |
| * | M. Firon & Co. Advocates | Administrative and Public ;Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Company and Industrial; Environmental; Labor and Employment; Actual Property, Development and City Renewal; Regulatory; |
| * | Meir Mizrahi & Co. | Tax; |
| * | Meitar | Regulation Places of work | Administrative and Public ;Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Company and Industrial; Vitality; Excessive-Tech and Begin-ups; Info Expertise and Knowledge Safety; Infrastructure; Mental Property; Mergers & Acquisitions; Planning and Zoning; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Development and City Renewal; Restructuring and Insolvency; Tax; TMT (Expertise, Media and Telecom); Tort/Damages; |
| * | N. Feinberg & Co. | Labor and Employment; |
| * | Naschitz Brandes Amir | Capital Markets; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Company and Industrial; Insurance coverage; Mergers & Acquisitions; Restructuring and Insolvency; Tort/Damages; Excessive-Tech and Begin-ups |
| * | Ofer Toister, Advocates | Planning and Zoning; |
| * | Ofir Yizhaki, Adv & Notary | Household and Inheritance; |
| * | Oren Klein Hasid Gal-Yam, Regulation Workplace | Industrial Dispute Decision (Litigation, Arbitration, Mediation); Company and Industrial; Excessive-Tech and Begin-ups; Mental Property; Mergers & Acquisitions; |
| * | Orna Lin & Co. | Labor and Employment; |
| * | Pearl Cohen Zedek Latzer Baratz | Excessive-Tech and Begin-ups; Info Expertise and Knowledge Safety; Infrastructure; Mental Property; |
| * | Rubin-Shmuelevich Regulation 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. | Industrial Dispute Decision (Litigation, Arbitration, Mediation); Actual Property, Development and City Renewal; |
| * | S. Horowitz & Co. | Administrative and Public ;Banking and Finance; Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Mental Property; |
| * | Sabari Farkash & Co. | Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | Sagiv, Belzer & Co. | Actual Property, Development and City Renewal; |
| * | SGS Shnitzer Gotlieb Samet & Co. | Administrative and Public; Capital Markets; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Actual Property, Development and City Renewal; |
| * | Sheinman-Negev-Niv Regulation Places of work | White Collar Crimes; |
| * | Shekel & Co. | Tax; |
| * | Shibolet & Co. | Administrative and Public; Capital Markets; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Vitality; Excessive-Tech and Begin-ups; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Development and City Renewal; TMT (Expertise, Media and Telecom); |
| * | Shimonov & Co. | Capital Markets; |
| * | Shimony Gross & Co. | Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | Shmuel Moran – Regulation Agency | Household and Inheritance; |
| * | Shoval Yosha Regulation Places of work & Notary | Actual Property, Development and City Renewal; |
| * | Steinmetz, Haring, Gurman & Co. | Actual Property, Development and City Renewal; |
| * | Tel-Zur & Co. Regulation Agency | Industrial Dispute Decision (Litigation, Arbitration, Mediation); White Collar Crimes; |
| * | Tenenbaum Vaknin & Co. | Industrial Dispute Decision (Litigation, Arbitration, Mediation); Company and Industrial; Excessive-Tech and Begin-ups; |
| * | Tulchinsky Marciano Cohen Levitski & Co. | Healthcare and Life Sciences; Labor and Employment; |
| * | U. Barzily Regulation Places of work | Tax; |
| * | Vinograd & Co. | Non-public Fairness, Enterprise Capital and Fund Formation; |
| * | Weinroth & Co. | Actual Property, Development and City Renewal; |
| * | Weksler Bregman & Co. | Industrial Dispute Decision (Litigation, Arbitration, Mediation); Actual Property, Development and City Renewal; |
| * | Yehuda Raveh & Co. | Administrative and Public; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Infrastructure; Restructuring and Insolvency; |
| * | Arnon, Tadmor-Levy | Administrative and Public ;Banking and Finance; Capital Markets; Class Actions and Spinoff Fits; Industrial Dispute Decision (Litigation, Arbitration, Mediation); Competitors and Antitrust; Company and Industrial; Excessive-Tech and Begin-ups; Info Expertise and Knowledge Safety; Infrastructure; Mergers & Acquisitions; Non-public Fairness, Enterprise Capital and Fund Formation; Actual Property, Development and City Renewal; Regulatory; Restructuring and Insolvency; TMT (Expertise, Media and Telecom); |
| * | Yigal Borochovsky & Co. | Banking and Finance; Industrial Dispute Decision (Litigation, Arbitration, Mediation); |
| * | Yoni Estraicher & Co. | Tax; |
| * | Yossi Levy & Co. | Competitors and Antitrust; Infrastructure; |
| * | Zeev Scharf & Co. | Industrial 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 popular a boutique agency or a big, worldwide agency. Solely 21% replied that they would like a big agency, whereas 36% stated they would like a boutique agency. Many of the respondents, 41%, connected no significance in any respect to the dimensions of the agency.
Nonetheless, a look on the rating itself reveals that there’s a bonus to measurement. The massive companies 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 companion at Herzog Fox & Neeman. He was really unimpressed by the concept of the benefit of measurement. “Measurement as such just isn’t a price. There are small companies which can be of upper high quality and extra worthwhile than a big agency. Measurement in itself means nothing. If you develop organically, the expansion is extra solidly based mostly. It additionally prevents friction, disputes, and in the end splits as nicely,” White stated.
Adv. Barak Tal, managing companion and head of litigation at Yigal Arnon, thinks in a different way. In an interview with “Globes” earlier this 12 months, he stated, “We understood that there could be no place for mid-size companies available in the market. We understood that there could be huge companies and boutique companies, and that you must select. The merger is a transfer in a aggressive market. My strategic considering for a merger has three heads: purchasers, staff, and innovation. The need to be enticing to staff is among the issues.”
Adv. Amir Chen, managing companion at Fischer (FBC & Co.) informed “Globes” final 12 months: “The authorized providers sector is turning into polarized. On the one hand, we’re seeing enormous companies which can be rising, and then again, boutique companies that target one specialty. The center layer of companies 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 got witnessed a generational transition within the authorized providers market. In 2021, at age 47, Adv. Gil White was appointed managing companion at Herzog Fox & Neeman rather than Adv. Meir Linzen, who turned 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 by which 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 companion for over a decade – the reins have been handed over to the following 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 throughout the previous few years: Adv. Moran Aumann and Adv. Avi Porten, who heads the true property observe.
Circumstances: Salaries soar, then halt
The legal professionals have been requested, “Would you advocate your son or daughter to observe in your footsteps and change 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 in regards to 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 world economic system, inflation charges shot up, and central financial institution rates of interest rose accordingly. The macro-economic adjustments hit the native and world know-how sectors virtually 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 regulation for high-tech, which offset the demand. The across-the-board wage rises that characterised the early months of 2022 virtually fully stopped. In January 2023, the massive, prestigious companies 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 companies there have been no wage rises in any respect. Even a number of the huge companies 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 companies within the coming years, a big majority, 62%, replied that “a scarcity of latest expert staff” could be the decisive growth. 23% named coaching of present staff, an extra 23% (respondents may select multiple response) talked about altering laws and regulation, and 35% topped digitization as the event that will have probably the most influence on their companies within the close to future.
Methodology
Survey and pattern
The record of “Israel’s Greatest Regulation Companies 2023” relies on suggestions made by legal professionals working in regulation companies (peer-to-peer survey) and purchasers (particularly in-house legal professionals in company authorized departments) in 29 totally different fields of regulation.
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 out there sources. Invites have been despatched by e-mail with a personalised hyperlink that would 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 deal with earlier than their solutions have been included within the analysis. The hyperlink to the self-registration web site was made out there 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 (suggestion of 1’s personal regulation agency) have been prohibited and never included within the analysis.
The contributors have been additionally requested to reply some optionally available editorial questions. There was additionally a chance to reply questions on developments within the authorized occupation in Israel.
Greatest regulation companies itemizing
The highest 100 regulation companies in Israel have been recognized on the premise of the variety of suggestions every obtained. They’re sorted in alphabetical order. Every of the ranked regulation companies obtained an above-average variety of suggestions. The record additionally reveals whether or not companies have been particularly really helpful inside a selected subject of regulation. As well as, the highest ten companies and the highest 5 in every subject of regulation are indicated. The web sites of those regulation companies and their workplaces in Israel have been researched and recorded.
The “Israel’s Greatest Regulation Companies 2023” record was compiled by means of an elaborate course of, however this doesn’t suggest 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 information and enterprise intelligence portal that gives statistics, enterprise related information, and varied 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.
