Lazard was the world's top bank for bankruptcy and restructurings in 2010, as debt turmoil in the Middle East and a sovereign debt crisis increased the workload for advisors in Europe.
Worldwide, the total value of completed deals was down 6.2 percent to $305 billion (195.4 billion pounds) in 2010, as a vibrant U.S. high-yield bond market helped firms manage their debt burden, Thomson Reuters data released on Tuesday showed.
There was an increase in the number of debt restructuring deals in Europe, Africa and the Middle East (EMEA) -- where Lazard also came first -- compared to fewer transactions in the United States and Asia including Japan.
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