Whichever way you slice and dice it, these are challenging times in Israel but out of adversity there is a great deal of hope, solidarity and innovation. One such country where this recently proved evident was Germany, Israel’s strongest trade partner in the EU. “There is a lot of compatibility between this big German economy and Israel’s innovation,” affirmed Ron Prosor, Israeli ambassador to Germany at the “Restart IL Economy” conference in Berlin on February 29th.

In this latest edition of Israel Desks magazine, we wanted to explore the current state of play in the economic relationship between the two countries and speak to those luminaries from the legal sector who play an integral role in such cross- border deals. Experts from Herzog and ERM, as well as the German offices at Bird & Bird and FPS are among those who share their insights.

In our other main feature, we examine trends with Israeli law firm EBN and the impact on Private Client work after a report by Knight Frank reported that worldwide Ultra High Net Worth Individuals’ wealth fell by 10% on average last year.

Also in this bumper edition, among other articles, we are pleased to bring you the 6th Israel Desks League Tables, showcasing those magic circle firms, global powerhouses, large corporate law firms and specialist boutiques who are most active in Israel-related deals.

The number of Israel Desks continues to rise – already up 20% to 160 law firms, when compared with five years ago – and in spite of the immense challenges, there are encouraging signs of economic solidarity with many countries, funds being raised, transactions being completed, and joint ventures being formed.

Out of adversity comes strength and hopefully a better tomorrow for all.

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