Allen & Overy is a name that continually crops up when it comes to the latest deals in leading bond issues, M&A, Islamic finance, and the slowly revitalising IPO market.

“We regard ourselves as part of a small club of international firms, along with other Magic Circle firms and one or two U.S. firms, doing the really high-end, big-ticket, complex, innovative work,” Khalid Garousha, the firm’s regional managing partner appointed last November, told International.