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.
Washington DC firm Arnold & Porter has strengthened its relationship with BAE Systems after the firm scooped its first corporate instruction for the UK defence giant.
Arnold & Porter, which has historically advised BAE on Ministry of Defence and IP matters, was brought in to handle the due diligence relating to the company’s acquisition of DigitalNet Holdings for $600m (£333.8m) in cash and assumed debt.
The firm worked alongside longstanding US adviser Cravath Swaine & Moore, which handled the bulk of the corporate work on the deal. Neither firm had to pitch for the work.
BAE head of legal Michael Lester commented: “There was no beauty parade. We use firms which we know and are comfortable with. We often use more than one firm on deals of this nature.”
The deal, which was agreed on 12 September, is BAE’s largest US acquisition in four years. It follows a string of smaller purchases by the company’s acquisitive North American arm.
Washington DC-based DigitalNet, which makes secure Pentagon computer networks, was advised by its longstanding adviser Fried Frank Harris Shriver & Jacobson.
BAE expects to complete the acquisition by the end of the fourth quarter of 2004.