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.
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.
The Argentine legal system is undergoing some radical reforms, which require a degree of adaptability from law firms.
Forty-eight lawyers representing 22 firms appear in this sizeable chapter.
Litigation before the local courts is restricted to UAE nationals, and as a result, local firms dominate the litigation listings. International firms are, however, starting to make their mark on the scene, and are able to work on international matters and appear before the courts at the Dubai International Financial Centre, which counts as an independent jurisdiction. These parallel outlets allow local and international firms to excel in the litigation sphere despite the apparent restrictions.
Illinois's litigators are renowned worldwide as among the best in the business, frequently acting in big-ticket, high-profile cases such as the trial and conviction of press tycoon Conrad Black. Large firms exist alongside specialist boutiques in a competitive market, and 33 lawyers from 12 firms make the cut in this year's rankings.
Dispute resolution is a central part of the service that law firms offer their clients, and this often takes the form of commercial litigation. The research for this chapter identifies 466 individuals in 50 countries as litigators of the highest proficiency, reflecting the depth and geographical breadth of the expertise in this field of law.
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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.