For the second-year running, Herbert Smith Freehills' Global Arbitration Practice has been showcased as being the third busiest in the world as part of the prominent annual Global Arbitration Review (GAR) 30 rankings.
The firm's new GAR 30 ranking appears in the tenth edition of the GAR 100, which was unveiled on 29 March 2017 at the seventh annual GAR Awards at the Palazzo Parigi Hotel, in Milan.
Highlighted by the publication as a "force to be reckoned with", GAR reports a significant spike in high-value work for the firm, with 14 cases worth more than US$1 billion (including one worth US$18 billion).
The firm also achieves a large number of peer-recognised specialists across the global network, having a total of 15 people featured in Who’s Who Legal: Arbitration, the highest figure of any firm in the GAR 30.
The firm received recognition from clients such as mining group BHP Billiton who are "impressed" by the firm's "ability to give clear and deliberate advice based on complex fact patterns", also noting that the firm "demonstrates a profound understanding of the company’s commercial priorities”.
Stephane Harmand, vice president of legal and compliance at Volvo Group Trucks Sales & Marketing in Japan, describes Herbert Smith Freehills as “a class act” that is “head and shoulders above the competition for arbitration work in the Asia–Pacific region”.
As in previous years, the GAR 30 is based primarily on the number of arbitral hearings conducted by a firm over a two-year period. The research considers merits and jurisdictional hearings, the amount in dispute in those cases and the number of hours billed to arbitration over that period. The ranking is also based on the number of arbitrator appointments a firm’s members have received and the number of individuals who appear in GAR’s sister publication, Who’s Who Legal: Arbitration – a guide to the leading practitioners in the field as selected by their peers.
The full GAR 30 can be found here.
Paula Hodges QC, who heads Herbert Smith Freehills' Global Arbitration Practice, said: "I am thrilled that we have been ranked third in the world, for the second-year running. This is a well-deserved, prestigious endorsement of the strength and depth of our global practice and the talent of our people. I would like to thank our global team for their hard work and passionate contribution to such an impressive caseload."