Cleary Gottlieb Wins "Law Firm of the Year" and "Restructuring Team of the Year" at the Legal Business Awards 2013

February 7, 2013

Cleary Gottlieb has been named “Law Firm of the Year” at the Legal Business Awards 2013, presented in London on February 7. The firm is the first of non-UK origin to be given this honor in the history of the awards. The citation reads:

“Cleary enjoyed another year at the forefront of international financial and corporate activity, notably representing Greece in its overwhelmingly complex and critical debt restructuring plan, Rosneft on its $55 billion acquisition of TNK-BP, and the Republic of Iraq in successfully defending its sovereign immunity in the UK Supreme Court. Strategically, the firm did something that it has only done once before – open two non-U.S. offices in the same year, in Seoul and Abu Dhabi.”

Cleary Gottlieb was also named “Restructuring Team of the Year,” with the citation reading:

“Cleary stood up and was counted as lead counsel to Greece on the world’s largest sovereign bond restructuring. Following a collective action clause that required the approval of 66% of bondholders, the country’s creditors ultimately agreed to a €100 billion debt ‘haircut.’”