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Research: Trends & Conclusions

Across our aviation-based research, a distinction can be made between those lawyers and firms who offer the full range of aviation services and those who have developed niche expertise in one particular discipline. Several contributors to the research have commented on the transitional nature of the sector, reflecting the changing focus of the contentious field, increasing US and EU regulatory activity and encouraging signs for post-recession commercial aviation finance after a period when predominantly European banks retracted from the market. Subsequently, levels of work have varied for lawyers depending on the breadth of their practice, and firms with a global presence have been able to take advantage of increased activity in the Middle East and Asian markets. In terms of the shipping market, contentious lawyers have seen continued opportunities for large charter party and insurance-related work, while refinancings and ship owner bankruptcies have driven activity for leading shipping finance practitioners.

Legal Marketplace Analysis

Our previously distinct Information Technology and Telecoms & Media editions have been amalgamated to form Telecommunications Media & Technology 2015, which comprises 716 IT specialists alongside 317 telecoms and media experts from a combined 539 firms across 60 countries. We have highlighted five firms that stand out for their international reputation in our research. Bird & Bird is the preeminent force in this market, with listings in eight European countries, as well as in China and Hong Kong. Baker & McKenzie provides cutting-edge expertise with a large contingent of leading practitioners across its extensive network. DLA Piper displays its global reach with recognition in nine countries; following closely behind, Hogan Lovells achieves numerous listings in Europe, the US and Asia. Similarly, Fieldfisher is famed for its TMT practice group and is considered by many to be a dominant firm in the UK and European market. We also select the most highly regarded individuals in the world, for both the information technology and the telecoms and media segements.

Research: Trends & Conclusions

Statistical claims that 90 per cent of the world’s data has been generated in the past two years can only in part convey how data has become a central socio-economic issue. The leveraging of information and communications technologies is now one of the most progressive ways of increasing productivity and capital. To this end, we can highlight through several major trends the growing role of TMT lawyers in the global corporate environment.

Legal Marketplace Analysis

This year’s Mining publication comprises a total of 408 practitioners from 228 firms in 65 countries who are considered leaders in this field of law. In this section, we have highlighted 10 firms who have performed notably well on both an international and a domestic scale. Norton Rose Fulbright stands out for its comprehensive network, while Baker & McKenzie also impresses with strength and depth: its lawyers earn recognition in seven countries. The eight featured lawyers from Fasken Martineau DuMoulin all scored extremely highly. A number of other firms also make an impression, including Cassels Brock & Blackwell in the Canadian market; Holland & Hart in the US; ENSafrica in the African market; and Clayton Utz, followed by Allens, in Australia.    We also select the most highly regarded individuals in the world, including the 10 best lawyers in Latin America and North America, as well as further practitioners that stand out beyond the American continent.

Research: Trends & Conclusions

The last year has been another difficult one for the global mining industry as a whole, with stock continuing to underperform and a pick-up in deals yet to really take off. Although the practitioners we spoke to almost universally agree that the market is likely to revive a little in the next 12 months, or at the very least not get any worse, it is still a time of uncertainty, especially in the junior market. The S&P 500 metals and mining index supports this claim, showing the very slight gradual rise in stock prices over the last 12 months that practitioners have observed. However between mid-September and early October 2014 the index dropped by 21 per cent. This could be a short-term dip, as seen in July 2013 when the market fell and bounced again within a matter of months, or it could spell the start of an even more difficult time for the industry.

Legal Marketplace Analysis 2014

Our new Trade & Customs publication comprises a total of 334 practitioners from 184 firms in 36 countries who are considered leaders in this field of law. In this section, we have highlighted four global firms and one boutique as leading players due to the high number of listings they receive. Sidley Austin once again dominates our research with world-leading practitioners from its DC, Geneva and Brussels offices; Baker & McKenzie, meanwhile, displays an authoritative global reach with ranked lawyers from 10 different offices. King & Spalding and White & Case are also preeminent in the market. Specialist firm Appleton Luff is strongly placed with leading lawyers listed in four jurisdictions. We also select the most highly regarded individuals in the world, including the very best lawyers in the international trade centres of Brussels, Geneva and DC.

Trade & Customs Roundtable 2014

Who’s Who Legal brings together Edmund Sim of Appleton Luff, Adrián Vázquez of Vazquez Tercero & Zepeda, Ekaterina Zabello of VMP Vlasova Mikhel & Partners and Daniel Crosby of King & Spalding to discuss a range of key issues, including present activity in traditional trade measures, the growing body of work in the sanctions area, the impact of trade agreements and the growth in trade-related work in Africa.

Research: Trends & Conclusions 2014

“Sanctions” was the first word on the lips of almost every practitioner we spoke to this year when asked to identify the biggest development in the trade and customs arena. Iran and Libya were already providing lawyers with significant amounts of work – and with Russia now targeted by the US and the EU, as well as responding with its own sanctions, the area is booming. Trade remedy matters continue to be a solid source of work for many, with some noting an uptick in anti-dumping cases (or predicting one for the near future), and customs-related advice and disputes work have also steadily increased.

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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.

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