Tricky predictions


In the second annual OpRisk & Compliance law firm survey, Clifford Chance again topped the rankings, but as before the middle tier is very tight, with three firms - Freshfields, Norton Rose and Linklaters - jostling for second, third and fourth places.

Last year, the buoyant financial markets and impending EU regulation, specifically the Markets in Financial Instruments Directive (Mifid) and the Capital Requirements Directive (CRD), ensured demand for regulatory and compliance legal services rema