BBA//Fjeldco covers all areas of banking and finance, with a strong reputation for handling complex financings, including those involving multijurisdictional elements. The group contains a number of lawyers qualified in England and Wales in addition to Iceland, facilitating sophisticated guidance on cross-border matters. Bjarki Diego covers a broad range of M&A, capital markets, and finance deals, and co-leads the department alongside managing partner Halldór Karl Halldórsson, whose areas of expertise include corporate financings and investments, securities issues, competition law, and bankruptcy and restructuring work. Also key are highly experienced founding partner Ásgeir Ragnarsson, who advises prestige international clients on a spectrum of corporate and commercial matters, and Gunnar Thor Thorarinsson, who leads the London office. Stefán Reykjalín, who made partner in early 2023, is also a key name to note.

Lex Law Offices fields a seasoned team of experts, with decades of experience advising banks, financial institutions, and a range of other prominent market participants. The department has notable strength in ESG matters, and during 2023 advised investment banking company Natixis on a $100m senior secured green term loan financing to Verne Global. Department head Ólafur Haraldsson has expertise in loan and security agreements, corporate financings, and restructurings. Other core team members include Supreme Court Attorney Guðmundur Ingvi Sigurðsson, whose primary strengths are in corporate finance and debt restructuring work, and capital markets specialist Stefán Orri Ólafsson. Eva Margrét Ævarsdóttir, who made partner in January 2023, is a leading name for green and sustainable lending.

LOGOS's full-service team draws in a prestige client list which includes major international names such as Deutsche Bank, Goldman Sachs, and Morgan Stanley. The group is recognised for its strength in capital markets work and comprehensive regulatory assistance, and has recently made substantial efforts to develop its banking and finance offering into a major force. Óttar Pálsson has significant expertise in capital markets, including both contentious and non-contentious matters, and co-leads the department alongside Thórólfur Jónsson, who covers securities regulation advice, corporate funding matters, and financial restructurings. Benedikt Egill Árnason specialises in transactions, and acts for a number of prominent corporate clients and private equity houses, while Guðbjörg Helga Hjartardóttir is noted for her expertise in financial restructurings and corporate finance mandates.

ADVEL Attorneys at Law advises a number of prominent domestic banking clients, as well as foreign financial institutions with interests in Iceland. The highly experienced team covers a range of areas, including corporate financings, restructurings and reorganisations, and regulatory matters. Team lead Stefan Þór Ingimarsson has expertise in refinancings and reorganisations, while Dóra Sif Tynes is a key name for EEA and EU law, and Ragnar Guðmundsson has strength in tax law and corporate financings.

Juris fields a team with core strength in transactions, regulatory issues, and project finance work. The group includes practitioners experienced working both domestically and overseas, and covers a diverse range of sectors including the fishing, energy, hospitality and infrastructure industries. Jointly leading the team are Halldór Jónsson, noted for his tax expertise; Sigurbjörn Magnússon, whose practice includes competition law and contentious matters; and Andri Árnason, who is a specialist in financial litigation. Simon Knight is a key name for project finance and syndicated lending work, while associate Hildur Þórarinsdóttir advises on financial regulatory matters, and previously worked as in-house counsel at Arion Bank.

Lagahvoll fields a highly experienced team, with a strong record in financing, investment, and regulatory matters, in addition to coverage of contentious issues. Founding partner Daði Bjarnason has a broad practice, which includes financing, corporate restructuring, and private equity transactions; Bjarnason co-leads the department alongside senior partner Jóhann Sigurðsson, who is described by clients as ‘excellent in every aspect of his work’.

Landslog – Law Offices is a popular choice for leading domestic banks and corporations, and is noted for its strength in bond issuances; during 2023, the team advised Isavia on a €175m private note placement in the US. Jóhannes Karl Sveinsson, Jóhannes Bjarni Björnsson and Viðar Lúðvíksson co-lead the department.