White & Case

White & Case posted a four per cent increase in global revenue from $1.33bn to $1.383bn in 2012.

These results came in tandem with a 15 per cent hike in average profit per equity partner (PEP) to $1.7m for the 2012 financial year. This was a marked improvement on the five per cent drop in 2011 when global PEP fell from $1.6m to $1.475m.

The firm made a number of strategic hires in 2012, including gaining former Dewey & LeBoeuf corporate star Mort Pierce, who joined the firm as part of an eight-partner team in May 2012.

The firm has 39 offices spanning the Asia, Europe, the Middle East and Africa, Latin America and the US, and most recently formed an association with Jakarta-based MD & Partners to boost the firm's Asian offering.

The firm handled a number of high-profile deals in 2012, including acting as lead counsel as to the China Development Bank (CDB) and the Industrial and Commercial Bank of China (ICBC) on a $1.2bn (£740m) loan to Telefónica in September. White & Case was also one of a raft of firms that landed roles on the $8.5bn (£5.3bn) shareholder restructuring of Russia’s second-largest mobile phone operator OAO MegaFon. White & Case scored a real coup when it became one of only seven firms to be appointed to Sberbank's corporate and M&A sub-panel when the Russian bank launched its inaugural legal panel in October 2012.