Fidal
French law firm Fidal shares similarities with Garrigues and Loyens & Loeff because of their strong tax background, but remains an exception among the big European corporations.
The company was originally founded in Grenoble in 1923 as a tax office known as "Trustee of France" and moved to Paris in 1924. The rapid expansion allowed Fidal to have 24 offices by 1928, adding law to the proposal in 1933.
Fidal began its initial international expansion with offices in French-speaking North Africa and moved to Pete Marwick's French international tax practice in 1986, a year before the merger of Pete Marwick and accounting firm KMG to form KPMG. Fidal will have a close relationship with KPMG for many years to come.
With a change in the law in 1991, the professions "avocat" and "consil juridique" similar to English lawyers and lawyers were consolidated, and Fidal was immediately established as "the first law firm in France".
Fidal was a key member of the KPMG legal network KLegal and was disbanded due to the Enron scandal. They maintained a close working relationship until July 2018, when KPMG announced that it would soon hire 145 Pidal lawyers in Paris after terminating the partnership.
Over the past few years Fidal has attempted to strengthen ties internationally through a series of office openings, joint ventures and network announcements, most recently with Mills & Reeve in the UK. He is also working to broaden his profile in the field of corporate law. Despite these efforts, they still enjoy a low status outside the jurisdiction.
Fidal does not normally provide a list of key customers, but has more than 90 offices and thousands of customers across France. Taxes continue to make up the majority of law firm income.
Affiliates are at a modified higher pay level. About half of Fidal's attorneys are partners, but less than half of the partnerships have stakes. Based on employees, Fidal is Europe's largest law firm with over 2,300 employees.
Fidal's leadership consists of an executive committee chaired since 2012 by CEO Regis Lassabe and tax partner President Yves de Seven. Both have been members of the executive branch since 2008 and were elected to their current positions in 2018 for a two-year term.
The Lawyer research data
- European 100 rank: 4
- Revenue: €286m
- No. of Partners: 515
Country: France
Website:https://www.fidal.com/en