Hopes of a recovery in the UK’s corporate market have been buoyed by a fourth quarter surge in M&A, which helped push global giant Clifford Chance (CC) to the top of European deal tables.

The 2003 M&A rankings released by Mergermarket show the magic circle firm topping the rankings for European announced deals, knocking last year’s leader Linklaters into second place for both value and volume of deals.

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