It was the best of times. It was the worst of times. In a year where eurozone turbulence rocked the continental market and wider global growth failed to meet forecasts, being a solely UK-based firm seemed like a good bet.
Well, for some at least. Variability has always been a feature of the London peer groups as the main players can straddle very different markets. So in the name of healthy competition, this year sees the introduction of the City Domestic and City International peer groups to the LB100.
Formed out of the previous Major City and London Midsizers groups, the aim is to try to improve standardisation. This City Domestic peer group brings together those City-based firms in the LB100 that derive almost all of their revenues from London offices.