By Bettina Knötzl, Knoetzl
As international commercial links increase, it becomes more and more important for creditors to collect on claims across international borders, to be able to locate assets and – with the assistance of the courts – to act quickly to attach them. Litigators find themselves more frequently engaged in cases where their clients are victims of white-collar crime such as fraud, breach of fiduciary duties, deceit and corruption, or they may be simply asked to collect outstanding receivables in various jurisdictions.
European firms and practitioners perform exceptionally well this year, with five of our top ten most highly regarded individuals hailing from European outfits. Selected as the leading firm in the research for the fourth year running, Clifford Chance enjoys 13 listings, followed by Hogan Lovells with 10, the newly formed Herbert Smith Freehills with nine, and European powerhouse Freshfields Bruckhaus Deringer also with nine inclusions.
With the benefit of over 15 years of research and tens of thousands of votes from clients and private practitioners, Who’s Who Legal takes a closer look at developing global trends in the commercial litigation marketplace, exploring the problems faced by cost-conscious clients and the impact on ADR on the market.
With the benefit of over 14 years of research and tens of thousands of votes from clients and private practitioners, Who’s Who Legal takes a closer look at developing trends in the commercial litigation marketplace worldwide.
In this section we analyse the findings of our research in greater depth to identify the firms and practitioners who stand out worldwide.
Who’s Who Legal reveals the leading firms and commercial litigators from 56 jurisdictions. Once again, Clifford Chance leads the field in terms of numbers with 13 of the firm’s practitioners listed from seven offices around the world.
As the global financial crisis begins to recede, it has become clear that the large-scale up-tick in disputes that traditionally accompanies a downturn has not materialised. There have been elevated levels of activity in some sectors, but “Don’t let anyone tell you that a counter-cyclical deluge has hit the top city firms,” a lawyer from a magic circle firm advises.
Fifty-eight individuals are included from eight jurisdictions in this chapter.
It is widely accepted that in a recession clients are more likely to pursue litigation.
Clifford Chance LLP leads the field in our research in terms of numbers with ten nominees from five offices in Europe and Asia making the cut.
Litigation tends to be a robust practice, through good economic times and bad, according to sources, who point to an increase in securities-related disputes as a result of global financial turmoil.
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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.