Singapore firm Allen & Gledhill topped the rankings for Asian M&A in 2001, beating off competition from UK, US and Australian rivals
Linklaters' joint venture partner Allen & Gledhill worked on 20 deals, worth A$22.1bn (£8.1bn), in 2001, according to Thomson Financial's figures for announced M&A transactions ranked by value. Managing partner Lucien Wong said: "We're thrilled that legal services and expertise from Singapore have reached the forefront." UK firms take up five of the next six places, with Allen & Overy, Freshfields Bruckhaus Deringer, Herbert Smith and Linklaters all seeing their Asian strategies pay off. The Wong Partnership, with which Clifford Chance is considering reinstating its Singaporean joint venture, is ranked at number 12. Of the Australian firms, Clayton Utz led the way in eighth place, despite it not having an office outside Australia. Allens Arthur Robinson was in ninth place, with Minter Ellison eleventh and Blake Dawson Waldron thirteenth. However, the Thomson figures also indicate that lawyers handled 62 per cent less M&A work in 2001 than in the previous year. In 2000, law firms worked on A$44bn (£16.2bn) worth of M&A in Asia, compared with A$116bn (£42.7bn) in 2000. The strongest market was South Korea, followed by Singapore and then Hong Kong.