M&A does not tend to do well in a downturn, and this one
was no exception. While there were strategic deals sprouting in
many jurisdictions (such as Australia, below) as values became
depressed and leveraged players were forced out of the market,
they didn't keep everyone afloat.
As with the Capital Markets Review last month, this
accumulation of law firm rankings is about those that weathered
the storm well.
In these hard times the best law firms retain their top
spot, often because of a flight to quality, and they retrench
rather than restructure.
Over the next few pages we display a selection of the
rankings from this year's IFLR1000, the worlds leading
directory of financial law firms.
The IFLR1000 has journalists based in Hong Kong, London and
New York, and specificallly hires people with journalism
backgrounds rather than research, to aid incisive questioning
Law firms cannot...