One of the two firms that merged to create today's Schjødt had specialized in corporate law since 1920, advising foreign corporations setting up or acquiring companies in Norway. We have continuously developed our expertise and market base and now have one of the very largest transaction practices in Norway. Indeed, for the last seven years we have advised on more M&A deals and the highest volume of real estate acquisitions than any other firm in Norway.
Schjødt has always been a top tier firm as regards transactions work, with a particularly strong position advising foreign investors on inward investment. During the last five years, Schjødts reputation and market share as the law firm of choice in mergers and acquisitions has shown a remarkable further development, both as regards talent and range of expertise.
We have seen strong growth, approximately 50 % during the last two years, as a result of our strategic commitment to long term investment in talent, systems, internationalization and continuous improvement in the way we manage clients' projects.
At partner level, we have chosen a carefully managed combination of internal appointments and lateral hires. the latter to supplement specific industry experience or expertise. One example is the oil & gas sector, including oil services, where we are clearly the leading transaction firm and the only top tier firm with offices in Stavanger. We ensure that international petroleum corporations and other investors are served by lawyers who really understand and are deeply involved in their industry.
Transactions are becoming more complex, requiring innovative solutions regarding financing, company structures and tax planning as well as a proactive approach to apparent legislative constraints and implications. In a number of recent transactions Schjødt has designed solutions that have set new standards for certain types of deals or created new legislative standards, following intricate negotiations with relevant authorities.
Increasingly, transactions are multi-jurisdictional. Schjødt's internationally oriented team has the skills, experience and dedication necessary to assist clients in all such challenges and we have an outstanding track record as regards client satisfaction. We also constantly focus on our procedures and deal management.
Post-merger integration is a critical phase of seccessful mergers and acquisitions. Together with our legal advisory leg, we are experienced in assisting for shorter or longer periods, be it implementation of planned structures, corporate governance issues, employment and management challenges or advising on asset protection, contract management or technology integration.