Who’s Who Legal brings together Stéphane Bonifassi of Bonifassi Avocats, Keith Oliver of Peters & Peters and Andrew Thorp of Harney Westwood & Riegels to discuss issues facing asset recovery lawyers and their clients today.
Who’s Who Legal brings together three leading experts to face questions concerning legal developments and increasing areas of work in the field, as well as the skills required of an asset recovery practitioner.
This edition identifies over 400 leading practitioners across 83 jurisdictions. Below we highlight some of the leading law firms and individuals in our research.
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 fourth edition of Who's Who Legal: Asset Recovery selects 341 practitioners from 202 firms across 74 jurisdictions as leaders in this field of law.
The variety of litigation in this sphere has expanded in the past 12 months, as the caseloads stemming from the global financial crisis diminishes. The types of frauds now occurring call for more creative litigation strategies, which have spawned greater interest in asset recovery procceedings. A number of new entrants have been attracted by this expanding practice area. However, the complexity of the field, along with the established set of firms in the market, means that success is not assured for these new contenders.
This year, we single out 326 practitioners from 188 firms who are considered leading lawyers in asset recovery law. Several firms stand out due to the high number of listings they achieve, with Appleby taking the top spot. It has individuals from five jurisdictions singled out, with its Bermuda and Cayman Island offices especially well represented. Following closely behind is Kobre & Kim, which has lawyers from its London, New York and Washington, DC offices featured. Other notable firms include Walkers, Hogan Lovells, Al Tamimi & Company and Harney Westwood & Riegels.
We also select the 10 most highly regarded individuals in the world as voted for by their peers and corporate counsel.
For the first time we also list the leading forensic accountants and digital experts skilled in asset tracing and recovery. Deloitte has the most specialists recognised, while FTI Consulting, Kroll, PricewaterhouseCoopers and KPMG all perform extremely well.
For this third edition, Who’s Who Legal has called upon hundreds of hours of interviews with asset recovery specialists around the world discussing activity in the sector and emerging trends. In this section we draw on our findings to provide a global outlook of the latest developments in the marketplace.
In our second edition of The International Who's Who of Asset Recovery Lawyers we pick out the seven top firms and 10 most highly regarded practitioners in the world.
Appleby demonstrates its “market-leading capabilities” with seven lawyers selected for inclusion, followed closely by Walkers, which has six individuals recognised. Six leading lawyers also represent Herbert Smith Freehills, Hogan Lovells and London-based firm Peters & Peters. The UK bar is also strongly represented, with 26 "first class" barristers listed in this edition. 3 Verulam Buildings, Matrix Chambers and the Chambers of Andrew Mitchell QC all field a notable number of eminent practitioners.
Risk is inherent in doing business. In today’s difficult economic climate, the pressure on businesses and governments to deliver strong financial performance is undeniable. Within this environment, fraud, bribery and corruption often flourish. While views are divided on whether more fraud occurs in a downturn or whether it is simply more likely to be detected, work in this field has certainly increased. With this in mind, lawyers and law firms have expanded their practices and are beginning to market themselves as “asset recovery specialists” to compete for a share of the work.
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