In March IFLR hosted its most successful awards dinners yet,
with 700 representatives from banks, corporates and law firms
attending the magazine's annual gatherings in London and Hong
At the end of a year that saw an upswing in overall activity
and an increased appetite for innovative dealmaking,
practitioners came together to celebrate the achievements of
Linklaters was named European Law Firm of the Year, and was
the only firm to secure nominations in each of IFLR's six
awards categories. Clifford Chance won the award for
International Law Firm of the Year in Asia. And Mallesons
Stephen Jaques won Asian Regional Law Firm of the Year for the
second year running. Clifford Chance won the team awards for
securitization in both London and Hong Kong, and Linklaters
achieved the same for M&A.
In Europe, firms looked back on 12 months that saw
traditional privatizations, novel emerging markets equity deals
and the extension of new approaches to underwriting. High yield
boomed with investors trying US-style second-lien financing for
the first time. Project finance reached record highs, and bond
investors added a new dimension to negotiations on British
Energy, MyTravel and Welcome Break.
In Asia, debt and equity capital markets issuance grew,
securitizers adapted complex instruments to the retail market
for the first time and M&A lawyers enjoyed a 50% increase
in dealflow. China, meanwhile, continued to attract the
attention of the international banking community.
IFLR presented awards for the leading firms and the
outstanding deals in six categories: equity capital markets,
debt and equity-linked capital markets, securitization,
M&A, project finance and restructuring. National awards
were given in 19 countries in Europe and in 14 countries in
Asia. Awards for the best in-house legal team and the top
adviser on distressed asset sales were also presented in
The awards are given on the basis of legal complexity or
innovation rather than the size or media profile of deals. The
winners are chosen by the editorial team after an extensive
process of research, including telephone and face-to-face
interviews and the consideration of written submissions.
Award winners in Europe and Asia are profiled below.