Three years ago, the sterling was ascendant, London threatened New York’s dominance in the ever-buoyant capital markets, and British firms were soaring up our charts. The cover story of our Global 100 issue sang the praises of Magic Circle management, and our subhead crowed: “It’s not just the strong pound.”
Well, no, it wasn’t, but Global 100 comparisons are a lot less flattering to the United Kingdom when the sterling is weak, since all currencies are converted to dollars for the Global 100 rankings. Linklaters and Freshfields Bruckhaus Deringer toppled from first and second in last year’s Global 100 to fourth and sixth, respectively. (2010 rankings are based on fiscal year 2009 results.)They were replaced by traditional pack leaders Baker & McKenzie and Skadden, Arps, Slate, Meagher & Flom. With five Yankee newcomers–Jenner & Block, Littler Mendelson, Sheppard Mullin Richter & Hampton, Troutman Sanders, and Venable–the list from top to bottom has a decidedly more American accent. Some 79 of The Global 100 are U.S.-headquartered.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
