News that Freshfields Bruckhaus Deringer has drawn up a short-list of major banks as part of its on-going bid to broaden its finance practice is slightly misleading – the list is not that short at all.
The venture, a response to the McKinsey-led review of its finance practice that concluded last year, sees the firm single out five investment banks as priority clients. Short-listed status means the select group can expect to receive the brunt of Fresh-fields’ cross-selling efforts as the firm aims to ‘institutionalise’ relationships that have previously been dominated by its M&A practice or niche areas like structured finance.
