The news that Freshfields Bruckhaus Deringer’s key asset finance client Iberia has overlooked the firm for a heavyweight financing for the second time in a year will have gone down like a lead balloon with McK-insey, the firm’s retained management consultants.
McKinsey is advising the firm on how to boost its finance profile. Last month this column reflected on the firm’s drive to boost its debt finance profile – a gruelling task that risks being sidelined once the equity capital markets kick back fully into action. In the meantime, it must ensure that the jewel in its finance crown – its asset finance practice – does not lose its lustre, given the attention that it is receiving from Allen & Overy (A&O).
