A Europe-wide M&A recovery in the second half of 2020 and vaccine work helped Clifford Chance make significant gains in the German deal market, despite a market contraction owing to the pandemic, according to new data from research firm Mergermarket.
Though Freshfields Bruckhaus Deringer retains top spot for both deal value and volume in Germany, Clifford Chance was among the biggest risers, jumping six places from ninth to third having advised on deals worth a total $40.6 billion. It was one of very few firms to significantly increase its total deal value (+67%) in the face of the ongoing coronavirus pandemic.
