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.
So after we gave you yesterday’s Blue Monday pick-me-up list, more good news follows - depending on your point of view - with today’s announcement that the Deal of the Decade (so far) may have finally got away.
Kraft chief executive Irene Rosenfeld has at long last satisfied her sweet tooth after the Cadbury board accepted an improved 850p per share offer to buy Britain’s best-loved chocolate maker (see story).
The transatlantic tussle has given starved M&A lawyers (and reporters) on both sides of the pond a chance to tackle an old-school hostile takeover (see City column).
Kraft’s successful pursuit, rated by those in the know as 50-50 at best just a week ago, will be especially welcomed by Clifford Chance.
The magic circle firm had teams in New York and London acting on the deal. Corporate partner Sarah Jones was apparently so enthused by it that she braved snow and sub-zero New York temperatures while eight-months pregnant to keep the client happy. We think a box of Roses, at least, should be winging its way to her as we speak.
Celebrations for Cadbury’s advisers might be more muted, after seeing their client become yet another Great British brand sold to our American cousins. But with the price widely seen as a pretty impressive outcome, there might not be too many tears at Slaughters.
It might be another story for Hershey advisers Linklaters and Sullivan & Cromwell, as the chance of a counter-offer appears to have receded.
But with a final deadline of next Monday morning, anyone calling the deal done and dusted might end up with creme egg all over their face.