LEX

What LEX does

LEX ehf. (trading as Lex lögmannsstofa) is one of Iceland's leading law firms, operating as a privately held private limited company with its headquarters at Borgartún 26, 105 Reykjavík, and a secondary office in Selfoss. The firm has been active since 1989 and comprises approximately 40 lawyers providing comprehensive legal services across corporate and commercial law, banking and finance, mergers and acquisitions, dispute resolution (including Supreme Court and EFTA litigation), intellectual property, data protection, energy and natural resources, maritime and fisheries, competition, public procurement, and ESG/sustainability advisory. The firm is owned by its partner lawyers, with approximately 14 partners and Fanney Frímannsdóttir serving as Managing Partner.

The firm serves enterprise clients across financial services (DigitalBridge transaction counsel), technology and aviation (Brogent Technologies USD 78.4M acquisition), venture capital (VEX fund), fisheries and aquaculture (Samherji fiskeldi EUR 320M financing), energy (Orkubú Vestfjarða cable project), food production (Ölgerðin), and food processing technology (JBT/Marel Nasdaq Iceland and NYSE dual listing creating a EUR 6B+ entity), as well as public sector and municipal clients. Revenue is generated exclusively through professional legal services billed on hourly rates or fixed fees per engagement, with no proprietary technology platform; the firm's GTM is enterprise field sales driven by partner-level relationships, referrals from financial institutions, and recognition from international legal directories.

LEX holds a wholly-owned IP subsidiary, GH Sigurgeirsson Intellectual Property, led by María Kristjánsdóttir, which provides focused trademark and patent services. The firm is consistently ranked in the top tier across six Legal 500 categories and in IFLR1000 Tier 1, WTR 1000 Gold, and Chambers Global and Chambers Europe, with multiple partners in the Legal 500 Hall of Fame. Recent strategic activity includes the January 2026 lateral recruitment of three partners and additional associates from competitor Juris, the April 2026 internal promotion of three senior associates to partner, and ongoing investment in the ESG advisory practice.

Name

LEX

Legal name

LEX ehf.

Website

https://lex.is

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

LEX is an Icelandic law firm of approximately 40 lawyers headquartered in Reykjavík, providing comprehensive legal advisory across corporate, finance, dispute resolution, IP, energy, fisheries, and public law to enterprise clients and public entities in Iceland.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Offices of Lawyers (541110)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Litigation & Dispute Resolution (BPAHAAAB)

akta.pro secondary industry

Personal Injury & Insurance Defense (BPAHAAAM)

Keywords

• Corporate legal services
• Mergers and acquisitions
• Banking and finance law
• Dispute resolution services
• Intellectual property law

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Legal advisory and counsel services: LEX generates revenue through professional legal services billed on an hourly rate basis or fixed fees for specific engagements. As a law firm, revenue derives from client engagements across corporate/commercial, dispute resolution, and regulatory advisory matters.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

LEX lögmannsstofa is an Icelandic law firm providing professional legal advisory and litigation services across corporate/commercial, banking and finance, M&A, dispute resolution, intellectual property, energy, maritime, IT/data protection, ESG, competition, tax, and administrative law. With approximately 40 lawyers, it represents enterprises, financial institutions, public entities, and individuals before Icelandic courts, the EFTA Court, and international arbitration bodies.

Product overview

LEX is one of Iceland's leading law firms providing comprehensive legal services across multiple practice areas. The firm comprises approximately 40 lawyers offering expertise in financial, corporate, and commercial law matters, as well as most other aspects of Icelandic law. LEX serves various industries including energy, financial institutions, fisheries and aquaculture, healthcare and technology, information technology, infrastructure and transport, and municipalities. Their practice areas span corporate and commercial matters, dispute resolution, information and technology law, and property and natural resources law.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate and Commercial Law Advisory and transactional legal services covering company law, contracts, commercial agreements, and general corporate matters for enterprises operating in Iceland.
• Banking, Finance and Capital Markets Legal advisory on banking regulation, capital markets, securities, syndicated loans, equity raises, and bond issues for Icelandic financial institutions and listed companies.
• Mergers and Acquisitions M&A advisory including buy- and sell-side counsel, due diligence, deal structuring, and regulatory approvals for Icelandic and cross-border transactions.
• Litigation and Dispute Resolution Representation before Icelandic district courts, Court of Appeal, Supreme Court, EFTA Court, and international arbitration bodies, including insurance, tort, contract, and commercial disputes.
• Insolvency and Restructuring Counsel on bankruptcy proceedings, creditor rights, corporate restructurings, and financial reorganization for Icelandic companies.
• Intellectual Property, Media and Technology Legal services for IP protection, trademark and patent prosecution, copyright enforcement, software agreements, IT contracts, and data privacy matters.
• Maritime and Shipping Law Specialist counsel on shipping, vessel registration, maritime litigation, fisheries quotas, and international maritime regulation.
• Energy, Natural Resources and Environmental Law Counsel on energy projects, concession agreements, environmental compliance, infrastructure development, and natural resources.
• Competition Law Counsel on Icelandic and EU/EEA competition law including merger control, antitrust investigations, and state aid matters.
• Tax and Customs Law Tax planning, tax controversy, transfer pricing, and customs advisory for Icelandic companies and international investors.
• Real Estate and Construction Law Counsel on real estate transactions, construction contracts, planning and zoning, and property law disputes.
• Public Procurement and Administrative Law Counsel on public procurement, tendering processes, administrative law, planning and zoning for Icelandic public entities and municipalities.
• ESG and Sustainability Advisory Advisory on environmental, social and governance matters, sustainable investment, and green bond issuances, led by partner Eva Margrét Ævarsdóttir.
• Project Finance and Project Development Counsel on project financing, syndicated loans, equity raises, and large-scale infrastructure developments (IFLR1000 Tier 1).
• Labor and Employment Law Counsel on employment contracts, labor disputes, terminations, governance, and HR-related legal matters.
• Insurance and Tort Law

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Festa (Icelandic sustainability forum)minorOthersLEX is a longstanding member of Festa, a non-profit organization supporting companies in creating a more sustainable economy, and contributes to its guide to sustainability laws and regulations.
• IcelandSIF (sustainable investment forum)minorOthersLEX is a member of IcelandSIF, which seeks to boost discussion of sustainable and responsible investment, and has moderated seminars on EU sustainability regulations.
• Energy Law GroupminorOthersLEX is a longstanding member of the Energy Law Group, a network of law firms specializing in energy law matters.
• GH Sigurgeirsson Intellectual Property (subsidiary)coreOthersGH Sigurgeirsson IP is a wholly-owned subsidiary of LEX specializing in trademark and patent law. Executive Director: María Kristjánsdóttir. Website: www.ghip.is

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Advokatfirmaet Schjødt: Leading Norwegian full-service law firm. Comparable Nordic peer with strong sector expertise in energy, shipping, and finance — overlapping materially with LEX's Icelandic sector strengths.
• Kromann Reumert: Denmark's largest law firm and a leading Nordic full-service practice. Relevant regional comparable given similar top-tier positioning, sector specialization, and international client base serving Nordic corporates and financial institutions.
• Wikborg Rein: Major Norwegian law firm with strong maritime, shipping, and energy practices — directly analogous to LEX's specialized sectors in fisheries/aquaculture, maritime law, and energy.
• Mannheimer Swartling: Top Swedish/Nordic full-service law firm. Comparable in serving large Nordic corporates and financial institutions with cross-border mandates, providing a benchmark for a top-tier Nordic practice.

Broad incumbents

• DLA Piper: Global law firm where LEX partner Lára Herborg Ólafsdóttir previously worked. Competes for large cross-border matters involving Iceland and is a natural incumbent for international clients seeking Nordic/Icelandic counsel.
• Bird & Bird: International law firm with a strong IP, technology, and data protection practice that directly overlaps with LEX's GH Sigurgeirsson IP subsidiary and Lára Herborg Ólafsdóttir's tech/data practice. Acts as a broader incumbent in areas where LEX is specialized.

Direct peers

• Juris: One of Iceland's leading full-service law firms and LEX's closest domestic competitor. LEX has actively poached multiple partners and associates from Juris in 2025-2026, underscoring direct head-to-head competition for clients and talent across corporate, litigation, and EU/EEA practices.
• Landslög Lögmannsstofa: Major Icelandic full-service law firm comparable to LEX in size and practice breadth. Competes directly for mandates from Icelandic financial institutions, corporates, and public-sector clients.
• LOGOS Legal: Established Icelandic law firm offering corporate, finance, and dispute resolution services. Comparable peer in serving Icelandic enterprises and financial institutions with multi-practice expertise.
• Megin lögmannsstofa: Icelandic full-service law firm where several LEX partners previously worked. Comparable in size, target clients, and practice breadth, making it a direct domestic peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lex-law-offices

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LEX