‘People typically underestimate the innovative powers that are out there,’ reflects Rick van Aerssen, Freshfields Bruckhaus Deringer’s global managing partner. ‘The adaptability of society has been significant. The way that the different economies have weathered the storm from the pandemic has been north of what we would have anticipated two years ago. I personally think the same will hold true for any crisis.’
Given the lingering impact of the Covid-19 pandemic, 2021 becoming a record year for dealmaking was not what many would have predicted. The global market reached unprecedented highs of an estimated $5.9trn in total deal value. Most big international law firms are reporting revenue increases and citing corporate activity as the key driver behind them.
