Linklaters is top of table

Linklaters & Paines and Baker & McKenzie are still the world's leading law firms for privately-financed infrastructure deals, according to a survey by Privatisation International magazine.

Linklaters came top of the deal value table with a total value of $94.5bn, followed by Baker & McKenzie with $76.9bn. Bakers advised on the most deals: 172 compared with Linklaters' 155.

By deal value, Freshfields is third, followed by Clifford Chance and Allen & Overy, with US firms White & Case and Milbank Tweed Hadley & McCloy at six and seven.

In Western Europe, Allen & Overy did by far the largest value deals: $37.4bn-worth.