It has been, as the firm’s recently-released financial results underlined, another unspectacular year for Ashurst’s corporate practice. On one reading that may not seem that big a deal since it has been an unspectacular year for most of the firm’s peer group. But given that the profile of Ashurst’s practice, resting on private equity and upper mid-cap M&A, should be ideal for current conditions, the firm must be hoping its corporate practice steps up a gear soon.
Even the firm’s own partners concede that 2004-05 has seen M&A largely tread water, while finance has surged forward for the second year running.
