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.
Allen & Overy is in line to advise on a potentially massive acquisition as its client United Biscuits (UB) is embroiled in negotiations for a billion-pound takeover.
Interested parties will expect to pay out £1.2bn for the food company, which produces McVitie's Jaffa Cakes and Hula Hoops.
UB has experienced a steady decline in share value over four years. Although the company has confirmed it was in preliminary talks with various parties, a spokeswoman is reluctant to admit it has appointed a legal adviser.
She says: "All I can confirm is that our usual corporate lawyer in potential situations is Allen & Overy."
Although Hammond Suddards is also a main adviser to United Biscuits, Noel Hutton, corporate finance partner at the firm, says he has not received any instructions.
The names of a number of potential buyers are being touted around the City, including private equity group Hicks Muse Tate & Furst, which counts Weil Gotshal & Manges among its legal advisers.