Castrén & Snellman saw record-breaking growth in 2021. The law firm’s revenue for the financial year ended January 2022 was EUR 66.2 million, an increase of 27 per cent compared to the previous financial year. During the last two years, the firm’s revenue has grown by more than a third.
4.5.2022
Record-Breaking Growth in Castrén & Snellman’s Revenue Paving the Path for Future
Sakari Lukinmaa
‘The business environment has seen radical change, and our clients are faced with increasingly high legal and regulatory requirements. The demand for our advice is at an all-time high. In this new environment, we have taken the leading position in the legal services market by doing things in our own unique way. I am extremely proud of our amazing team and of the work we do together. It is our mission to help our clients succeed, and we will continue to give our best when it comes to supporting our clients’, says Sakari Lukinmaa, Managing Partner.
Castrén & Snellman has outpaced the market growth throughout the entire service offering, in mergers and acquisitions and in dispute resolution as well as in other areas of business law. We have been involved in Finland’s most significant M&A work, disputes and growth financing rounds as well as a number of IPOs. The growth of our business reflects our strong expertise in green financing, energy and technology.
‘I’d like to thank our clients for the trust they’ve shown us. A huge thanks also to our whole personnel —everyone at C&S—for their uncompromising work in supporting our clients in highly demanding assignments. We will continue to offer the best customer and employee experience in the market. Two consecutive years of strong growth give us a clear path for the future’, continues Lukinmaa.
Nearly 300 top experts in 22 fields of law
While demand for our services is on the rise, Castrén & Snellman has strived to ensure sustainable growth by actively recruiting new talent. During 2020 and 2021, the number of our employees has increased by 35 experts. In 2021, C&S became the largest law firm in Finland in terms of lawyers based in the country.
‘Our interesting and demanding client cases attract top experts who want to develop themselves and their skills. Castrén & Snellman’s unique culture is another major attraction. With this recipe, we can continue providing comprehensive and high-quality advice. We will cherish our values and our unique culture of cooperation and continue focusing on the well-being and continuous learning of our people’, says Lukinmaa.
The latest Partner appointments also support C&S’s strategy for the future: Ilona Karppinen and Kim Parviainen strengthened our Dispute Resolution team in February 2022, and Thomas Landell became Partner in our Mergers & Acquisitions and Capital Markets services this May.
At the end of the financial year 2021 the firm had 293 employees.
International recognition
We have maintained high customer satisfaction in our expertise and services alongside our strong growth. Our services and experts were once again ranked among the best in business in the latest Chambers Europe and Legal 500 ratings.
In 2021, our firm received several international recognitions: Women in Business Law Awards Europe and The Lawyer European Awards named Castrén & Snellman the Scandinavian Law Firm of the Year, and we won the Benchmark Litigation Europe Award for Finland Law Firm of the Year.
Latest news
Latest references
G&W Electric – Acquisition of Safegrid
We advised G&W Electric with its acquisition of Safegrid Oy, a leading provider of intelligent grid monitoring solutions based in Finland. The acquisition accelerates G&W Electric’s long-term strategy to integrate intelligent monitoring and predictive analytics into its power distribution portfolio, strengthening its offering to utility customers worldwide. Founded in 1905 and headquartered in Bolingbrook, Illinois, G&W Electric is a global leader in innovative power grid solutions, with a presence in over 100 countries. The company is known for advanced load and fault interrupting switches, reclosers, sensors, system protection equipment, power grid automation, intelligent grid monitoring, and transmission and distribution cable accessories. Safegrid is a Finnish technology company headquartered in Espoo, Finland. The company develops the Intelligent Grid System®, a grid monitoring solution that combines instant-on wireless sensors with advanced analytics to deliver real-time insight into grid conditions, enabling utilities to identify emerging issues, anticipate failures, and reduce outage duration across medium and high voltage distribution and transmission networks.
Case published 8.5.2026
Kiwa – Acquisition of Sertio
We advised Kiwa in its acquisition of Sertio Oy, a Finnish notified body designated by the authority in accordance with the EU Regulation on in vitro diagnostic medical devices (IVDR). Sertio provides conformity assessment services in accordance with IVDR. Kiwa is one of the world’s leading testing, inspection, and certification companies, operating in over 35 countries.
Case published 7.5.2026
Metsäkonepalvelu – Acquisition of Junnonen Forest and the business operations of Lamerit
We advised Metsäkonepalvelu Oy in its acquisition of the entire share capital of Junnonen Forest Oy, a Finnish timber harvesting services company, and the timber harvesting services business of Lamerit Oy. The acquisition supports Metsäkonepalvelu’s growth strategy and strengthens the company’s position, particularly in southeastern Finland. Metsäkonepalvelu is a portfolio company of A. Ahlström Oy, a Finnish family-owned industrial owner. The company provides mechanical timber harvesting services to forest companies, large private forest owners, and the public sector in Finland and Sweden. Metsäkonepalvelu Group employs nearly two hundred forestry professionals.
Case published 6.5.2026
Scanreco – Acquisition of CrossControl
We acted as Finnish counsel to Scanreco in its acquisition of CrossControl. Mannheimer Swartling (Sweden) acted as lead counsel for Scanreco. CrossControl, founded in Sweden, is a high-tech supplier of advanced display computers and central vehicle computing solutions for industrial vehicles and machines. Scanreco is a world leading supplier of professional radio remote control systems to international machinery, heavy equipment, and crane manufacturers. The combined group comprises approximately 600 employees and generates annual revenue of around SEK 1.4 billion.
Case published 5.5.2026