Linklaters remains leader of the pack

Linklaters & Paines remains the top international law firm for the value of its private finance infrastructure deals, according to Privatisation International's latest figures for 1996 to 1997.

It leads the field in Asia, the area which is proving by far the most lucrative for advisers on infrastructure projects, and in the UK.

But Baker & McKenzie dominates the Eastern European infrastructure project market, advising on $16.7bn-worth of deals in the past 12 months. Indeed US firms dominate the Eastern European market, with the second and third-ranked firms for deals in the region being Sullivan & Cromwell and Coudert Brothers, respectively.

Western Europe, however, remains the domain of UK firms, with Linklaters, Clifford Chance, Allen & Overy and Norton Rose leading the pack in first, second, third and fourth place, respectively.

A breakdown of deals by industry sector indicates that firms are developing specialisms in particular areas, with White & Case dominating global pipeline deals, Denton Hall leading rail privatisations and Couderts heading the charge into privately financed roads.