The pan-European ‘Best Friends’ network of elite law firms excelled during the pandemic. A result not all observers expected.

The network of five top EU firms posted a strong performance in European M&A for both 2020 and for 2021, the two years in which the world was shaken by the coronavirus pandemic. The data, supplied by Dealogic and Mergermarket, shows that the concept of uniting as a collective of smaller, informally linked firms helped at a time firms were consolidating practices and redeploying lawyers to busier areas. 

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