The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
Addleshaw Goddard has advised the West Bromwich Building Society in a deal with its bond holders designed to bolster its financial position.
Under the terms of the deal, £182.5m of debt held by institutional investors has been converted into core tier 1 capital, the most valuable category of capital from a regulatory point of view.
Addleshaws partner Ian McIntosh, who heads the firm’s corporate financial services group, led the team acting for West Bromwich. He worked alongside partners Mark Thomas and John Ahern.
Addleshaws is well known for its work in the building societies sector, having acted on 15 building society mergers since 1999 (19 January 2009). In the vast majority of those deals the firm acted for the target. The West Bromwich deal has been designed so the mutual can retain its independence.
The Financial Services Authority, which has toughened its stance on capital requirements since the credit crisis began, was active in brokering the West Bromwich deal. The regulator was advised by Slaughter and May partner Charles Harvey-Kelly.
West Bromwich’s debt investors were advised by Linklaters partners Richard Levy and Simon Gwynne.