In 2024 France’s top domestic law firms advised on some of the year’s biggest M&A and private equity deals despite a lukewarm market, and leaders of those firms say they’re optimistic for 2025, notwithstanding the country’s recent political chaos.

Early in December, France's National Assembly passed a no-confidence measure against Prime Minister Michel Barnier and his pro-business government, even as the country faces downgrades by credit agencies over its massive debt, budget deficit, and slowing economy.