Baker McKenzie’s Real Estate Practice Group has once again been ranked first by Euromoney's Real Estate Awards for its Global Legal Services for the eighth consecutive year, reaffirming its position as a leader in the market.
As well as being named overall leading global firm, Baker McKenzie has retained its number one position for its real estate legal services in seven regions and countries (Latin America, Hong Kong, Indonesia, Taiwan, Thailand, Turkey and Vietnam).
The Firm was also recognized in three further territories, moving to number one in Asia, Argentina and Switzerland.
“This annual peer-to-peer survey is a great benchmarking tool as it continuously helps us gauge our local and global influence in the real estate market, as well as how we are viewed by our clients, competitors and other industry players,” said Jose Larroque, Chair of Baker McKenzie's Global Real Estate Practice Group.
“This is a real achievement for the Firm and recognizes the talent and expertise of more than 330 of our lawyers. With volatility in the global economy and the emergence of new real estate investors such as insurance companies and pension funds, the commercial real estate market has become much more competitive. Evolving regulatory requirements in key real estate markets and rapidly changing economic environments have made it more challenging for multinational companies and other investors to manage their real estate portfolios. Our real estate practitioners have a winning combination of technical property expertise, local market knowledge, industry insight, global experience and innovative thinking, to overcome these challenges,” he added.
Earlier this year, the Real Estate Practice Group launched the second edition of the Firm's Global Sustainable Buildings Index which ranks 25 selected jurisdictions, plotting each country's greenness in specific categories, while comparing the implementation and enforcement of green regulations, the availability of incentives and opportunities for sustainable projects, and the types of green lease clauses prevalent in the jurisdiction.