The US firm in particular has just shone a light onto the health of the restructuring market, posting a market-busting 12 per cent rise in total turnover for the 2009 financial year.
But its London office has done considerably better. Thanks largely to roles on a hatful of restructurings for the likes of Greek mobile phone operator Wind Hellas and Icelandic banks Kaupthing, Landsbanki and Glitnir, Bingham’s City office revenue has jumped 32 per cent (see story).
Meanwhile Freshfields has launched a global investigations practice to capitalise on the increase in cross-border regulatory investigations (see story).
Dispute resolution partner Geoff Nicholas, who is leading the new 60-partner group along with Adam Siegel in New York, rather boldly claims “I don’t think any other firm has grasped what clients need in this area.”
Well, if the market really is all about rows, that sounds like fighting talk.
Also on TheLawyer.com: Watson Farley’s highest paid partner took home £1.2m last year, twice as much as the firm’s best paid partner in 2007-08; Cheryl Cole and Lady Gaga’s record label overhauls legal team; and offshore firms Mourant du Feu & Jeune and Ozannes set to merge.