LAWFUEL – Legal News, Legal Jobs Network – For the second year in a row, Allen & Overy has been named Derivatives Law Firm of the Year at the DEAL Awards, hosted by Derivatives Week at The Millennium Hotel, London, on 9th November.
The award, which was presented on the basis of extensive interviews with institutions operating across the global derivatives market, singles out Allen & Overy for driving forward developments in all aspects and regions of derivatives markets. The firm, which has derivatives lawyers based throughout its network of 25 international offices worldwide, ‘came out on top’ for global presence and breadth of experience, with clients praising the team for its knowledge and responsiveness.
Allen & Overy’s win was attributed, in part, to its long standing relationship with the International Swaps and Derivatives Association (ISDA), following the firm’s involvement on a string of high-profile ISDA initiatives this year, including advising on documentation for credit default swaps on asset-backed securities, collateralized debt obligation tranches and leveraged loans, updating credit derivatives definitions and advising ISDA on the creation of novation and credit event protocols.
Derivatives Partner, Ed Murray, commented:
“The derivatives markets are becoming ever more complex and far-reaching, but as this win demonstrates, our global derivatives practice remains the single most influential practice in shaping the framework for new products and facilitating trading across all asset classes. We have an outstanding pool of talent amongst our derivatives and structured finance lawyers, who are committed to staying at the forefront of the market and to delivering a world-class service to our clients.”