These are certainly challenging times going on globally for businesses as well as employees in pink-slipping companies.
But there are some companies which are desperately working to turn these times favorable to their business. The shrinking M&A market in UK has helped top five law firms of UK to tighten their grip on it. But rest of the law firms are struggling to survive in the environment.
According to the statistics from Thomson Reuters, the top five law firms of UK accounted for 67 percent of deal value of the entire transactions. This was just 37.9 percent in the first half on 2007-08.
This rapid increase of the percentage share shows how fast are these big five companies moving in according to the times.
But there are some companies which are desperately working to turn these times favorable to their business. The shrinking M&A market in UK has helped top five law firms of UK to tighten their grip on it. But rest of the law firms are struggling to survive in the environment.
According to the statistics from Thomson Reuters, the top five law firms of UK accounted for 67 percent of deal value of the entire transactions. This was just 37.9 percent in the first half on 2007-08.
This rapid increase of the percentage share shows how fast are these big five companies moving in according to the times.
- Freshfields Bruckhaus Deringer remains the top, though the number of deals fell from 64 to 44.
- Slaughter and May makes it to top 2nd position from the earlier 9th position.
- Linklaters which use to be in the 2nd position has to satisfy with 4th position this time.
- Allen & Overy has got up to 3rd position from the previous 4th previously.
- Cliffor Chance is the fifth of the Big Five, though it has declined from its earlier 3rd position.
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