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Freshfields Bruckhaus Deringer

Wolf Theiss

Short-listed firms Allen & Overy Clifford Chance Freshfields Bruckhaus Deringer Lovells Norton Rose Shearman & Sterling In a disappointing year for project finance globally, with deal volume down 45% from 2001 levels, Europe provided a few bright spots with 32 deals totalling $7.3 billion.

Short-listed firms Allen & Overy Cadwalader, Wickersham & Taft Clifford Chance Linklaters Slaughter and May Travers Smith Braithwaite Skadden, Arps, Slate, Meagher & Flom Unlike some of the other areas covered by IFLR's annual awards, 2002 was a boom year for insolvency and restructuring practitioners and one of the most difficult areas in which to pick a winner.

Short-listed firms Allen & Overy Freshfields Bruckhaus Deringer Slaughter and May Sullivan & Cromwell Allen & Overy worked on many key European deals in 2002, most notably advising Imperial Tobacco on its €5.8 billion ($6.3 billion) acquisition of Reemtsma, a complex multi-office transaction that was further complicated by a prolonged antitrust examination by the European Commission. The firm also advised on the sale by Edison of its 53.66% stake in Provimi (one of the 10 largest leveraged buyouts in France in 2002) and of its 54.69% stake in Cereol. Both deals involved multiple jurisdictions, complex pricing structures and (in the latter case) the inclusion of specific non-competition indemnity provisions.

Uría & Menéndez

Cleary, Gottlieb, Steen & Hamilton

Law firms Allen & Overy Imperial Tobacco Group Hengeler Mueller Reemtsma Ashurst Morris Crisp Imperial Tobacco Group Weil, Gotshal & Manges Imperial Tobacco Group What's so special about it?

Law firms Clifford Chance French State Freshfields Bruckhaus Deringer CDC Ixis Capital Markets and FSA Gide Loyrette Nouel Project company ALIS Linklaters Mezzanine financing provider Bank of Scotland Wilkie Farr & Gallagher Previous concessionaire SAPN What's so special about it?