After a period of relative inactivity, as happens in any economic downturn, the legal sector is seeing a revival. Nothing shows the buoyancy of a market more than the mobility of the major players.
But some of that activity may seem to be lopsided in transatlantic terms. Legal Week’s annual research on the top London firms found that profits had dropped as the US firms in London bagged key roles in some of the year’s biggest European deals, such as the sale of Canary Wharf in London, France Telecom’s multi-billion euro privatisation and the hostile takeover in France by Alcan Aluminium of The Pechiney Group.
