The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.