Interest rates have peaked and many are hoping they may start to decline when the MPC next convenes. While geopolitical risk still abounds, the green shoots of economic growth can be found, if you look hard enough.

One place to look is M&A activity. PwC speculates that M&A might see a significant rebound in 2024, as firms put an estimated US$4tn of ‘dry powder’ to work. All of which is good news for the economy, for business and for service providers like the law firms that facilitate these mega- deals.