The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
In a year that saw the volume of global project finance work jump by 36 per cent to $108.2bn (£59.13bn), Allen & Overy (A&O) retained its position as the market leader by topping Dealogic’s legal adviser table by value.
A&O advised on 40 deals valued at $8.57bn (£4.68bn), which gives the firm an 8.2 per cent share of the market.
Clifford Chance advised on 35 deals valued at $8.16bn (£4.46bn) and took a 7.81 per cent market share. Freshfields, which acted for London Underground on the Metronet public-private partnership, advised on 17 deals totalling $5.04bn (£2.75bn).
A&O’s global head of projects Graham Vinter said: “Having really good local practices really plays into the hands of the table.”
As in previous years, the magic circle firms’ US competitors also performed well. California-based Latham & Watkins shot up from thirteenth to third place and Milbank Tweed Hadley & McCloy jumped from eleventh to fifth. However, Shearman & Sterling bucked the trend by sliding 11 places to fourteenth.