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.
Tensions are brewing over steel giant Arcelor's conduct in its proposed merger with Russia's Severstal - and Allen & Overy (A&O) and Skadden Arps Slate Meagher & Flom are both at the heart of the action.
Not only are shareholders mounting opposition to Arcelor's E6.5bn (£4.43bn) share buyback scheme, but they are also voicing discontent over the proposed merger after a publication by Arcelor suggested that the merger would effectively hand control of the company to Alexei Mordashov, chairman of Severstal.
In fact, tensions have reached such a point that legal commentators are now speculating over the possibility of legal action against Arcelor's board of directors for falling foul of conflicting interests. As one lawyer said: "There is a serious potential for serious damages."
Either way, it makes for exciting times for Arcelor's advisers Skadden and Serverstal's advisers A&O, as the share buyback goes before a shareholder vote this week (21 June) and the Severstal's bid a week later, on 30 June.Get the latest news and an irreverent commentary delivered to your desktop every Wednesday by subscribing to Lawyer News Weekly.