This remarkable journey has been characterised by expansion, collaboration, and shared successes. Our gratitude extends to our esteemed clients, our fantastic team and the PwC network, without whom reaching this milestone would not have been possible.

Reflecting on the past five years, we embarked on our journey with PwC, remaining an independent law firm, proudly holding membership in the Luxembourg Bar, and adhering to the professional ethics of Luxembourg lawyers.

By harnessing the synergies between our legal offering and the diverse suite of offering provided by the PwC network, either internationally or in Luxembourg, we can offer a holistic and coordinated approach addressing our client’s legal needs along with any of their broader tax, financial and business requirements. This strategic alignment position provides our clients with a convenient and unique one-stop-shop covering a spectrum beyond pure legal challenges.

With the aim to increase these synergies and complement our core service portfolio provided by our thriving Corporate, employment and Technologies & IP departments, Mathieu Scodellaro joined PwC Legal in 2019 to launch and develop the Investment Funds department. Mathieu's wealth of expertise perfectly positioned the firm to meet the demands of our ever-expanding market and assist international asset managers setting-up their funds and operations in Luxembourg and guide them through the life cycle of their products.

This significant event was swiftly succeeded by another important milestone in PwC Legal’s recent journey, the appointment of Catherine Baflast as Managing Partner, effective October 1, 2021.

In her new capacity, Catherine, who also co-leads the Corporate practice with Jean-Yves Lhommel, is entrusted with implementing the PwC Legal 2025 strategy. This strategy is encapsulated by the motto 'leading clients from complexity to execution' where the objective is to deliver innovative solutions seamlessly providing a 360 degrees vision to our clients in line with the broader PwC network strategy: increased added value through stronger collaboration across offices and disciplines.

In her role as Managing Partner, Catherine ushered in a fresh vision structured around three pivotal challenges: (i) directing PwC Legal services towards areas integral to clients' success, encompassing enterprise, finance, and new technologies, (ii) cultivating the skills of the firm's staff by advocating for the concept of 'lawyer-entrepreneur,' encouraging active involvement in clients' growth projects and (iii) resetting the digitalisation of the firm as a central focus point, aimed at enhancing efficiency and fostering collaborative client service.

To support these endeavours, Audrey Rustichelli, head of our Technologies & IP department, was appointed Deputy Managing Partner, leveraging on her substantial experience, notably in the Luxembourg market. Audrey who is hailed for her "genuine talent for development," provides dedicated support to Catherine, notably in matters of business development, branding, and marketing.

In a continuous strategic move to enrich its service offerings, PwC Legal welcomed Cédric Raffoul as a Partner on February 1, 2022, placing him at the forefront of the Banking & Capital Markets department. Cédric’s advisory prowess encompasses a wide spectrum of financing transactions, ranging from secured and unsecured bank lending to acquisitions and asset finance. With extensive expertise in securities law and capital markets regulation, Cédric regularly advises both Luxembourg and foreign corporate clients, as well as financial institutions, on a wide range of capital markets and financing transactions.

Similarly, since March 2022, PwC Legal benefits from the expertise of Serge Hoffmann, a highly esteemed practitioner in the Luxembourg market. Serge took the lead of the Real Estate practice within the firm, leveraging his extensive 20-year experience in advising on real estate transactions, conducting due diligence investigations, and negotiating contracts. His advisory scope spans all aspects of real estate investment projects, including asset acquisitions and disposals, choice of vehicle, financing, complex lease negotiations, urban planning, authorisation requirements, and environmental considerations.

These strong and well-established areas of expertise, strategic insights, and collaborative synergies have enhanced the overall legal capabilities of the firm, consolidating PwC Legal's position as a leader in providing comprehensive and specialised legal services.

Today PwC Legal holds a strong market position, poised to sustain. We remain committed to delivering the high-level services our clients have come to expect, ensuring continued excellence and satisfaction.

We express our sincere gratitude to our valued customers for their loyalty and support, which has been instrumental in bringing us to this significant position today. We couldn't have achieved this without them, and we truly appreciate their continued trust and partnership. We also want to extend an enormous thank you to our amazing team whose dedication makes everything we do possible and is at the heart of it all!