LONDON, January 7, 2011 /PRNewswire/ -- After the greatest economic upheaval for almost a century, global business is now showing signs of recovery and a return to strength. Through the decline and return to prosperity, law firms have shown their significance as providers of essential expertise and stability, often when the wider corporate and fiscal world has been in a state of meltdown.
While many of the main stresses on the financial performance of law firms were created back in Q208, the first period for over 15 years when the UK economy failed to grow, the subsequent global recession compounded the problem.
Corporate responsibility and sustainability became watchwords but were obviously less important amongst mid-tier and smaller firms which concerned themselves more with basic corporate responsibility issues such as employee well-being. The perceived importance of corporate environmental, social, and governance programmes has soared in recent years, because such programmes can mitigate corporate crises and build reputations.
Though industry circumstances have remained challenging, the quality of the legal service witnessed by the magazine's judging panel has been of the highest calibre. As such the firms and individuals who make up this year's award winners are those who have been judged as performing exceptionally in their respective fields of law.
Over what has been a challenging time for all sectors, World Finance has continually observed how great lawyers and legal teams have sat central to the success of a wide range of global business endeavours. Through the 2011 Legal Awards, we acknowledge the outstanding work of these law firms and individuals.
View the winners here ( http://www.worldfinance.com/winners_articles.php?article_id=978).
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SOURCE World Finance