BBA Fjeldco

What BBA Fjeldco does

BBA//Fjeldco ehf. is an Icelandic business law firm formed in 2019 through the merger of BBA and Fjeldco, providing full-spectrum corporate legal services from its headquarters in Reykjavik (Katrínartúni 2) and a London office (Berkeley Square House). The firm serves large corporate clients, financial institutions, and government entities, with practice areas spanning corporate law and M&A, banking and finance, capital markets, tax, competition, litigation and arbitration, and energy and natural resources. Notable engagements include the largest IPO in Icelandic history (Íslandsbanki, the largest European bank IPO since 2018), advising Coloplast on its USD 1.3 billion acquisition of Kerecis (Iceland's first unicorn), and representing Icelandair lenders in COVID-19 restructuring.

The firm operates through distinct sub-brands: the core BBA//Fjeldco corporate practice, Elements by BBA//Fjeldco (specialist renewable energy and natural resources advisory rooted in Iceland's geothermal expertise, with a proprietary Elements Guide covering geothermal regulatory frameworks across 15 countries), BBA//Fjeldco Attorneys (litigation and arbitration, including ICC, LCIA, and WIPO proceedings), and the Arctic Desk. In 2025, AGRD Partners (a Swedish legal services group backed by Nordic private equity fund Axcel) made a strategic investment, providing access to digital and AI capabilities while existing shareholders reinvested and retained stakes. The London entity (BBA Fjeldco Limited, company number 11730374) is authorized and regulated by the Solicitors Regulation Authority.

BBA//Fjeldco operates a partner-led professional services model with hourly-rate billing (15-minute minimum time units, monthly invoicing, non-binding estimates, fixed fees available for defined scopes). Revenue is generated through transaction-based legal work (M&A, capital markets, financing) and ongoing advisory mandates. FY2025 revenue reached ISK 2,038.1 million with ISK 832.3 million EBITDA and ISK 662.6 million profit after tax, reflecting 24% YoY revenue growth and an exceptional ~41% EBITDA margin. The firm is consistently top-tier ranked by Chambers Global, Chambers Europe, IFLR1000, and Legal500, and reaches clients primarily through professional directory rankings, thought-leadership publications, the annual Arctic conference in London, and direct partner-led engagement.

Name

BBA Fjeldco

Legal name

BBA Fjeldco ehf.

Website

https://bbafjeldco.is

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

BBA Fjeldco is an Icelandic business law firm (formed 2019 via the BBA–Fjeldco merger) providing full-spectrum corporate legal services—M&A, banking and finance, capital markets, litigation, and renewable energy advisory—to large corporates, financial institutions, and government entities from offices in Reykjavik and London.

Ownership category

akta.pro rank

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

Revenue model

1. Legal Advisory Services: Professional legal services billed primarily on hourly rates with designated partners overseeing engagements. Fees charged according to time spent, calculated on an hourly basis with minimum 15-minute time units. Estimates are non-binding; fixed fees may be agreed for defined scopes of work.
2. Transaction-based Legal Work: M&A advisory, capital markets transactions, and financing deals generate significant revenue. The firm advises on landmark Icelandic transactions including IPOs, mergers, acquisitions, and privatizations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

BBA//Fjeldco is a full-service Icelandic corporate law firm providing partner-led legal advisory on M&A, banking and finance, capital markets, tax, competition, energy and natural resources, litigation, and arbitration. Through its London office and specialist sub-brand Elements, the firm delivers Icelandic-law and English-law advisory across cross-border transactions, with a particular focus on geothermal and renewable energy projects.

Product overview

BBA//Fjeldco operates as a unified full-spectrum corporate law firm, not a platform-plus-modules architecture. The core offering is BBA//Fjeldco's legal services spanning corporate/M&A, banking, finance, capital markets, tax, competition, and litigation. The firm operates distinct sub-brands: Elements by BBA//Fjeldco (energy and natural resources advisory focused on geothermal), BBA//Fjeldco Attorneys (dispute resolution and arbitration), and the Arctic Desk (regional specialization). The Elements Guide serves as a complementary knowledge resource documenting regulatory frameworks.

Differentiator

Problem solved

Functional benefit

Products and services

• BBA//Fjeldco Corporate Legal Services Full-spectrum corporate legal advisory including Corporate Law and M&A, banking and finance, capital markets, tax, competition law, litigation, and arbitration, for Icelandic, UK, and international corporate clients.
• Elements by BBA//Fjeldco Specialist energy and natural resources advisory providing full-circle services across the geothermal development lifecycle — from feasibility and resource assessment through drilling, construction, commissioning, and operations — plus renewable energy financing advisory and government legislative/regulatory framework design spanning five continents.
• BBA//Fjeldco Attorneys (Dispute Resolution) Litigation and dispute resolution practice offering services in local and international arbitration and mediation, including ICC, LCIA, and WIPO proceedings, for Icelandic and international clients.
• Arctic Desk Specialized cross-disciplinary practice focusing on Arctic region issues spanning energy, fisheries, mining, shipping & transport, and tourism, including an annual London conference convening experts, policy makers, and industry leaders on Arctic sustainability.
• BBA//Fjeldco London Office (English-Law Services) London office delivering English-law M&A, corporate, finance and regulatory services, plus bespoke English-law commercial, IP & technology and data protection services for Icelandic, UK, and international clients.

Quantifiable outcome

• Largest IPO in Icelandic history advised
• +2 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Leading Law Firms Worldwide (for Elements Guide)coreStrategic or Co-development PartnerElements by BBA//Fjeldco has developed the Elements Guide in cooperation with leading law firms around the world, providing an overview of geothermal regulatory frameworks across 15 countries. This collaborative approach extends the firm's reach and expertise in renewable energy regulation globally.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Setterwalls: Setterwalls is a leading Swedish full-service business law firm with strong M&A and finance capabilities. It is a directly comparable mid-sized Nordic corporate advisory firm.
• LOGOS: LOGOS is one of the leading Icelandic full-service law firms, offering corporate, M&A, banking and finance, and dispute resolution work. It is the most direct domestic competitor to BBA//Fjeldco in the Icelandic corporate and financial-institution advisory market.
• Hannes Snellman: Hannes Snellman is a leading Finnish corporate law firm with a full-service M&A, banking and finance, and capital markets practice. It is a close Nordic peer in scale, practice mix, and top-tier directory rankings.
• Mannheimer Swartling: Mannheimer Swartling is the largest law firm in the Nordics, with a top-tier corporate, M&A, banking and finance, and dispute resolution practice. It is the closest regional analogue to BBA//Fjeldco's full-service Nordic corporate model.
• Wiersholm: Wiersholm is a leading Norwegian corporate law firm focused on M&A, banking and finance, and capital markets. It is a directly comparable Nordic specialist serving financial institutions and large corporates.
• Kromann Reumert: Kromann Reumert is the largest law firm in Denmark with a strong corporate, M&A, and finance practice. It is comparable in scale, Nordic positioning, and full-service corporate offering.
• Advokatfirmaet Schjødt: Schjødt is a top Norwegian full-service law firm with leading M&A, banking, and dispute resolution practices. It serves as a Nordic peer serving financial institutions and large corporates.
• Vinge: Vinge is a top Swedish corporate law firm with a leading M&A and capital markets practice. It is a comparable Nordic specialist serving large corporates and financial sponsors.

Broad incumbents

• A&O Shearman: A&O Shearman is a global magic-circle law firm with leading cross-border M&A, banking, and capital markets practices. It is a broad incumbent that often acts as lead counsel on the same Icelandic and Nordic cross-border transactions where BBA//Fjeldco serves as local counsel.
• Linklaters: Linklaters is a global magic-circle law firm with top-ranked M&A, finance, and capital markets practices. It is a broad incumbent competing for the same cross-border mandates BBA//Fjeldco handles on Icelandic and English law elements.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bbafjeldco
• LinkedInlinkedin.com/company/bba-fjeldco

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

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 BBA Fjeldco