The American Lawyer's Corporate Scorecard ranks firms according to the amount of transactional work they handled in nine key areas -- although in 2009's sluggish economy, the real story was how little work firms did. M&A work was off 34 percent from an already difficult 2008, and the volume of asset-backed securities work fell by 88 percent. The exception was bankruptcy: Forty-two firms with assets of $1 billion or more filed for Chapter 11 protection in 2009.
Falling Figures Permeate Annual Corporate Scorecard
The American Lawyer
March 31, 2010