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The world’s largest law firm goes to Luxembourg

Published Sunday November 29 2015

Dentons said on Wednesday that it has acquired yet another law firm — this time in Luxembourg.

Combining with a law firm known as OPF Partners, it picks up 34 lawyers, including nine partners, in Dentons’ Europe branch.

The deal is effective Jan. 1, 2016.

Dentons Chairman Joe Andrew said that the announcement marks the 10th of what he called a “transformative initiative” that the firm has completed in 2015.

These “transformative initiatives” include five law firm combinations, a handful of office openings and large lateral hires, as well as the launch of NextLaw Labs, a platform to develop and invest in new technology for the legal profession.

“We are creating the law firm of the future,” said Andrew.

With the new Luxembourg firm, Dentons has a presence in top financial centers throughout the world, the firm announced, and named a short list: London, New York, Hong Kong, Singapore, Seoul, Toronto, San Francisco, Washington, DC, Chicago, Boston, Frankfurt, Sydney, Dubai, Montreal, Vancouver, Shanghai, Doha and Shenzhen.

OPF Partners specializes in Luxembourg law, advising on mergers and acquisitions, venture capital, tax, investment funds, banking and finance, real estate, insolvency and litigation.

The combination comes after Dentons has expanded in other areas of Europe, including the launch of a Milan office last month; the hire of 50 lawyers in Budapest earlier this year and lateral partner hires in Germany, Russia and France, the firm said.

“Luxembourg plays a key role in the global and European investment fund and private equity sector, which is one of our core areas of focus and strategy,” said Evan Lazar, chair of Dentons’ Europe board, in a statement.

In the past, Luxembourg sometimes has been viewed as a key tax haven. In November 2014, a global team of 80 journalists, working together through the International Consortium of Investigative Journalists, reported that hundreds of major companies had set up affiliates and used complex legal and accounting structures in order to channel profits through Luxembourg and reduce their tax bills by billions of dollars.

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