Clifford Chance (CC) has knocked magic circle rival Linklaters off the top spot in the latest European M&A rankings amid evidence that the long-predicted recovery in deal activity is finally becoming a reality.
The latest quarterly rankings from Mergermarket show an increase of 20% in M&A activity across the continent against the equivalent period last year, with overall deal value up from €330bn (£226bn) to€400bn (£272bn).
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