While the overall M&A market slowed in the third quarter, mining and natural resources-related deal work continues to keep law firms busy in places like Africa and Australia.
And in the case of both Clifford Chance and Norton Rose, the far-flung assignments came as the result of the firms making lateral acquisitions of their own abroad. The two entered local legal markets in Australia and Africa, respectively, within the past year in order to capitalize on increased opportunities for cross-border transactional work and gain access to clients in emerging markets.
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