LAWFUEL – The Law Newswire – Lovells have been ranked at the top of Infrastructure Journal’s PPP Legal Adviser table, having closed the most PPP deals in the first half of this year.
Infrastructure Journal reports that Lovells has advised on seven PPP deals with a combined value of US$3.2 billion (7.31% of market share) since January 2007. The projects included the Edinburgh Schools PPP II Project, Lancashire PFI Waste, and the Corinth-Tripoli-Kalamata & Leftkro-Sparta Motorway Project in Greece.
Lovells was ranked ahead of Norton Rose in second place who also closed seven deals but at a combined figure of US$2.9 billion. Allen & Overy came third with eight deals valued at US$2.5bn.
This is a massive leap from last year when the firm was positioned sixth in the second half of 2006 and fifteenth for the whole year.
We were also ranked top Transport Legal Adviser, having closed three deals worth US$1.9 billion and 14.69% of the market share.
Comment: These rankings illustrate Lovells’ continued strength in the PPP market, having been involved in several large scale projects. The project finance team has benefited in particular from its early focus in the Greek market where we have been involved in all the PPP projects. We have also gained from diversification into the infrastructure M&A markets, another growth area. The team hope to continue its success in the last half of the year, when several projects are due to reach close