Gibson Dunn & Crutcher

International Top 30 position 2012: 19

2012 year-end German law update

In retrospect, 2012 likely will be remembered as another year of manifold challenges in the Eurozone and of slow consolidation rather than one of fundamental reform or renaissance. However, the policy of Mr Draghi, the chairman of the European Central Bank, appears to have stabilised the markets and the Euro since last summer, Germany’s economy is prospering and the stock markets are almost back to pre-2008 levels. Nonetheless, there are fundamental doubts that the measures taken have a lasting effect and will fundamentally reform the economies in the Eurozone. Consequently, the financial sector has not recovered yet and M&A activity is still relatively slow.

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Firmwide revenue 2011 ($m): 1,165
Global lawyers 2011: 995