The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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 and Slaughter and May plummet; Clifford Chance and A&O move up
The M&A performances of corporate heavyweights Slaughter and May and Freshfields Bruckhaus Der-inger have gone into freefall according to the Bloomberg legal advisory tables for 2002. Both firms have plummeted down the tables, with Freshfields working on deals cumulatively worth 62 per cent less than in 2001 and falling from third to ninth place. Slaughters worked on 25 per cent fewer deals than in 2001 and on deals cumulatively worth 41 per cent less. The firm was also outpaced by Ashurst Morris Crisp, which now sits at fourteenth, two places above Slaughters. It was a different story for fellow corporate heavyweight Linklaters, which has completed a higher value of M&A work than any other globally, adding to a three-year run of dominating the European legal advisory tables. Herbert Smith also performed well, moving from twentieth to eleventh place. The tables reflect a year in which US merger activity has been down. The figures show that the value of European merger activity surpassed US deals for the first time in more than a decade, with Europe accounting for $558.9bn (£348.77bn) and the US just $531.6bn (£331.73bn). Consequently, it was a poor year for New York firms, with Sullivan & Cromwell, Shear-man & Sterling, Davis Polk & Wardwell and Wachtell Lip-ton Rosen & Katz all losing market share.
Global deals announced ranked by value (1/1/02-12/31/02)