The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Denton Wilde Sapte scooped 3i as a client on its £24m acquisition of a 20 per cent stake in Ministry of Sound. 3i's in-house team handled the bulk of the transaction, but for additional due diligence work the company called in Dentons for assistance. The 3i panel consists of Macfarlanes, Addleshaw Booth & Co, Osborne Clarke and Wragge & Co. 3i's investment gives it a minority stake in Ministry of Sound, which the deal values at about £120m. The Dentons team was headed jointly by Richard Barham and Charles Law. It is understood that the work came their way as a result of a conflict of interest for 3i panel firm Macfarlanes. A Macfarlanes team led by John Dodsworth acted for Ministry of Sound. A spokesman for 3i said that it was Dentons specialist knowledge of the music industry and its strengths in due diligence work that prompted the instruction. He conceded that had Macfarlanes not already been involved, it may have been chosen. Already instructed by one party in the acquisition, Macfarlanes could not, in this case, also advise 3i. Barham had come to the attention of 3i previously and was subsequently approached for this work. Despite its strong in-house department, Alas-tair Richardson and his 3i team had limited legal resources to dedicate to the deal, so due diligence was outsourced. Law said: "3i selected Denton Wilde Sapte as the first choice for its pre-eminent reputation in carrying out detailed due diligence, combined with its knowledge of the workings of the music industry." For the Dentons team, the work involved evaluating Ministry of Sound's artists and publishing agreements, as well as its shareholdings in joint venture recording and publishing companies and its licensing arrangements with US and European companies.