Freshfields Bruckhaus Deringer and Clifford Chance are in pole position to benefit from a glut of private equity spending this year, according to Legal Week analysis of bespoke industry research.

The European buyout firms with the most uninvested capital ready to spend are CVC Capital Partners, EQT, Ardian and Bridgepoint, according to rankings produced by data provider Preqin for this publication. Together, the four firms have more than $60bn ready to spend, making them some of the most coveted clients in the market.