In this year’s edition, over 100 leading forensic accountants and digital experts skilled in asset tracing and recovery are selected for inclusion. Grant Thornton leads this year’s research with 12 listings. The firm is closely followed by Kroll, KPMG, PwC, FTI Consulting and BDO, whose experts also stand out for their excellent service.
Although the days of the large Ponzi scheme cases seem to be a thing of the past, the number of frauds perpetrated worldwide is on the rise. Global asset recovery practitioners reported a busy year with no let-up in their caseloads.
The 2016 edition of Who’s Who Legal: Capital Markets includes over 800 listings across 56 jurisdictions in the areas of debt and equity, Islamic finance, and structured finance. Clifford Chance and Allen & Overy lead the research this year. Both firms have over 25 listings, and demonstrate the depth and breadth of their offerings across all three areas, particularly in Europe, Asia and the Middle East. Fellow Magic Circle firm Linklaters also performs strongly. The leading US firms include Sidley Austin, Baker & McKenzie, Latham & Watkins, and Sullivan & Cromwell. The most highly regarded individuals in the debt and equity, structured finance, and Islamic finance chapters are also recognised in this edition.
According to lawyers 2015 was a year of uncertainty, with the unsettled state of the current market largely attributed to the slowdown in the Chinese economy, the drop in oil prices, the Brexit debate and ongoing US elections. While the global debt markets have remained buoyant, albeit with a slight downturn, the equity side has witnessed a slowdown in activity, with companies reluctant to participate until the market becomes less sceptical. Furthermore, the practice area has seen a boom in the fin-tech sector over the past year, as alternative sources of funding, such as online and peer-to-peer lending, continue to diversify the market and broaden the options available for those seeking access to capital.
In this year’s edition, 531 private client specialists are listed from 244 firms across 51 jurisdictions.
In this section, we have identified 149 of the leading trustees, private bankers, accountants and investment managers that service the private client industry worldwide.
As tax avoidance and transparency continue to be prominent in both the social and political consciousness, a number of issues remain for international clients and their legal counsel. The stream of international regulatory structures introduced in the past few years has given rise to an abundance of compliance work. While issues of transparency threaten to undermine the very essence of private client work in some senses, regulation remains a hoop that must be jumped through and clients are striving to ensure that their tax and estate structures meet any and all new regulations. Contentious matters and philanthropic concerns still take up a great deal of time for many lawyers in this area, ensuring that the practice area is sufficiently diverse and busy.
Several international firms stand out for their strength and depth in this field, while a substantial number of leading individuals are listed from local and boutique firms.
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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.