IFLR Awards 2005

Author: | Published: 1 Apr 2005
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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 Kong.

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 2004.

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 Asia.

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.