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.
Freshfields Bruckhaus Deringer’s rare foray into lateral hiring started to pay off last year. The magic circle firm had a change of heart on banking; after years of neglect, it finally decided to focus on work for lenders. And at the heart of that strategy was one of Freshfields’ younger partners, Brian Gray. Together with another lateral, Chris Howard of Linklaters, he has genuinely revitalised Freshfields’ bank-facing practice.
Standout deals in 2004 included advising Barclays Capital, Citigroup, Goldman Sachs and Royal Bank of Scotland on the £1bn facilities on Spirit Group’s £2.28bn recapitalisation; and for JPMorgan on Resolution Life Group’s £850m acquisition of the life insurance book of Royal & SunAlliance.
Freshfields has a way to go before it can challenge Linklaters for third place, but Gray’s determined marketing and banking track record will ensure that it is not out of the running. Brian Gray