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Another long-standing heavyweight in the Danish legal market, Kromann Reumert keeps itself in tier one by virtue of carrying out vital restructuring work and market opinion hailing it as one of the finest firms in the country.

The team is spearheaded by finance stalwart Kim Rasmussen, who is widely respected in the market. "Rasmussen is one of the top men in Denmark," says a finance client. Peers agree: "Kim Rasmussen at Kromann is a quality lawyer, very experienced," says one.

It is not just the legal competency that sets the firm apart though: "Kromann Reumert have good connections, and that definitely helps," explains one partner.

Though traditionally strong on acquisition finance, the firm's practice prides itself on its broad offering, with its deal flow this year reflecting that diversity.

A large chunk of the government's restructuring fell to Kromann Reumert, with Rasmussen being joined by M&A partner Henrik Møgelmose heading a team acting for the government-owned Finansiel Stabilitet in its drive to take over struggling and insolvent banks. These include Eik Bank Danmark, Eik Banki and Amagerbanken, with more work to come as Denmark tries to restore some order and liquidity.

The firm was also active in the capital markets, advising Carlsberg Breweries on a €1 billion Euro Notes issue on the Luxembourg stock exchange, part of the company's EMTN programme. A further deal saw the team advise Københavns Lufthavne, the public company that owns and operates Copenhagen and Roskilde airports, on its June 2010 issuing of €228 million in senior secured notes as a US private placement.

In banking, in a rare recent deal involving some new money, the firm acted for a number of banks under the agent auspices of Danske Bank in a credit facilities extension to Denmark's foremost industrial and handicraft wholesaler Sanistål. The €74 million transaction was completed in March 2011.

Widely viewed as one of the market leaders, Kromann Reumert has again been very active this year. "We meet Kromann most frequently," comments a partner. The team, led jointly by Christina Bruun Geertsen and Peter Ketelsen, have found themselves with some sizeable mandates, and have also been involved with a deal that addresses the ongoing aftermath of the Icelandic banking collapse.

Most notably, the firm was counsel to the directors at Danisco, a bioproducts and food ingredient company that was the subject of a voluntary public tender offer for all its shares by a subsidiary of DuPont. The American chemicals company made an offer of €4.8 billion, and when the deal is confirmed it will represent one of the largest ever tender offers in Danish history.

The firm broke ground in other areas too. On one pioneering transaction it advised Dong Energy on its sale of half of its stake in Nysted Havvindmøllepark, one of the world's largest wind farms. The deal, which cost pension fund PensionDanmark around €94 million, is the first time a Danish pension fund has directly invested into an offshore wind farm, and it is hoped that future investment in the sector will be encouraged by this development.

Early this year the firm also closed a deal for Kaupthing Bank and the Icelandic Central Bank, as they sold the Danish commercial bank FIH for €670 million to a group of buyers made up primarily of Scandinavian insurance companies and pension funds. FIH works closely with small and midsize companies, and it was important for the economy that this bank could be able to lend again.

Kromann Reumert boasts a large headcount within its restructuring and insolvency team in Denmark, and in 2011 it further promoted two associates to partner level: Teis Gullitz-Wormslev and Louise Krarup Simonsen.

The team advised some very big clients, for example the Taekker Group and Essex Group company on respectively the largest in-court and out-of-court restructurings in the Danish real estate sector to date. New partner Gullitz-Wormsley worked on both of these deals.

Peers also acknowledge Kromann Reumert's capabilities. "Kromann Reumert have a lot of specialism, they are really very good," says one partner.