Tricky predictions
Clifford Chance has again topped the charts in the second annual OpRisk & Compliance survey of law firms engaged in risk and compliance activities for financial services firms. But as the results attest, the market dynamic is changing since the credit crunch, and global law firms are finding it difficult to predict where the second wave of problems will come from, reports Victoria Pennington
In the second annual OpRisk & Compliance law firm survey, Clifford Chance again topped the rankings, but as before the middle tier is very tight, with three firms - Freshfields, Norton Rose and Linklaters - jostling for second, third and fourth places.
Last year, the buoyant financial markets and impending EU regulation, specifically the Markets in Financial Instruments Directive (Mifid) and the Capital Requirements Directive (CRD), ensured demand for regulatory and compliance legal services
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