Deal lawyers cheered as debt markets kick back into life
As corporate activity begins its long-awaited recovery in the aftermath of the financial crisis, life certainly promises to be eventful for debt capital markets (DCM) lawyers - which is a considerable improvement on last year. The consensus from deal lawyers is that the debt market is also showing signs of life. New data from Thomson Reuters highlights a healthy revival in DCM activity around the globe, with the first quarter of the year seeing a 37% rise in activity on the last three months of 2009. While Q1 global DCM activity was still down by 10% on the equivalent period last year, the market is no longer entirely driven by companies seeking funding because they have no alternative.
Cheer for DCM lawyers as sovereign issuers set to pick up where corporates left off
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