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.
Allen & Overy (A&O) and Cadwalader Wickersham & Taft have had the Chinese walls they erected to stop information flowing between the multiple parties they are acting for on the TXU Europe administration ratified by the Commercial Court.
A&O is acting for TXU joint administrator KPMG, TXU's banks, TXU creditor Barking and the bankers for another creditor, AES Drax. Cadwalader is advising KPMG and TXU's bondholders.
Herbert Smith, representing the other joint administrator Ernst & Young (E&Y), A&O and Cadwalader drew up a unique 'lawyers protocol', outlining how the firms would preserve their Chinese walls.
Herbert Smith is not conflicted but was involved in the protocol by E&Y to avoid KPMG's law firms feeling victimised, one source said.
Mr Justice Blackburne ruled last Friday (28 March) that the protocol was acceptable.