Despite widespread reports of increased litigation work by asset
finance lawyers at present, a recent survey of City partners
conducted by recruitment firm Nicholas Scott states that asset
finance is one of the practice areas least likely to grow over the
next six months.
According to the survey, M&A and commercial litigation
practices are most likely to see continued growth, with these also
being the areas where partner-level hires are to be most
expected.
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As well as asset finance, pensions and employee benefits were
earmarked as areas unlikely to see rapid development.
Nicholas Robbins, a director at Nicholas Scott, said: “There’s
an expectation of an uptick in M&A and private equity in the
next six months as the pick-up in the equity markets has made the
valuation of companies easier to determine, combined with a
predicted easing of credit.”
Fred Crawley
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