Finalists: Allen & Overy • Freshfields Bruckhaus Deringer • Mishcon de Reya (highly commended) • Olswang • Pinsent Masons • Simmons & Simmons • Walker Morris

The Hogan Lovells team achieved a "terrific result" on this insolvency case which was heard simultaneously in Canada and the USA, linked by real time video technology.

The case, which concerned the bankruptcy of Canadian telecoms company Nortel, focused on maximising the recovery of assets in order to pay members of Nortel's pension scheme the maximum amount possible.