Market conditions for the UK’s big four international law firms haven’t looked this good since before the credit crisis. The world’s leading banks continue to set aside eye-watering sums of money to clean up the mess generated by the great financial collapse of 2008 while deal activity has picked up dramatically across the world, as evidenced by Mergermarket’s half-year tables.
Symbolically, global deal value for the second quarter is the highest since 2007. The achievement of this landmark coincides with Clifford Chance (CC) finally overhauling the £1.33bn it achieved in 2007-08, by recording a 7% increase in revenue to hit £1.36bn.
