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.
Allen & Overy (A&O) is advising IMI, one of the UK's biggest engineering groups, on an internal corruption investigation.
IMI kick-started the internal investigation after suspecting some of its sales agents in South East Asia, East Asia and the Middle East were offering sweeteners to the company's customers.
The magic circle firm will be working alongside the US Department of Justice, the UK's Serious Organised Crime Agency and Ernst & Young to uncover the truth. Litigation partner Arnondo Chakrabarti is to lead for A&O.
The company believes that its US subsidiary CCI may also be implicated in up to £30m of tainted funds.
CCI's external agents in countries such as China or Saudi Arabia are paid commission for finding local customers.
According to IMI, since the turn of the century, an unknown proportion of these agents transferred part of their commission payments to employees of the companies that had agreed business with CCI.
In a statement IMI said it "is committed to the highest ethical standards and has retained external counsel and forensic accountants to conduct a thorough independent investigation, which will result in appropriate action being taken, including a number of employee suspensions".