The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
The magic circle firm is advising Alcan on EU competition aspects out of its London and Brussels offices.
But it is Sullivan & Cromwell that will have to grapple with the mammoth US antitrust issues. Alcoa had to divest Alcan in 1950 after the US company was found to be an anticompetitive monopoly. Sullivan is historically one of Alcan's preferred advisers, representing the company in the 2003 acquisition of Pechiney for €3.4bn (£2.08bn).
As suspected, Alcan favourite Ogilvy Renault has been drafted in to advise on Canadian aspects.
The firms will be facing Alcoa's three-party counsel formed of Skadden Arps Slate Meagher & Flom, Canadian firm Stikeman Elliott, and Cleary Gottlieb Steen & Hamilton on the antitrust side, as first reported by The Lawyer (8 May).
If successful, the combination between Alcan and Alcoa would trump that of Rusal, which merged last year with Linklaters clients Sual and Glencore in a $30bn (£15.04bn) deal.
This week also saw Freshfields nab a role advising longstanding client Cerberus on the European aspects of its acquisition of an 80.1 per cent stake in Chrysler for £3.8bn. New York firm Schulte Roth & Zabel was US counsel to the private equity house, a marquee client.