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.
Ashurst picks up Blackstone work" />Ashurst has received its first instruction from US private equity giant Blackstone.
The mandate is a coup for the law firm as Blackstone is seen not only as an active player in the UK, but is regarded by lawyers as a premier private equity house.
Ashurst scooped an instruction on the Four Seasons auction, which closed earlier this month. A team led by Ashurst’s head of M&A and private equity Charlie Geffen advised Blackstone on the deal, where it marginally underbid Allianz Capital to buy out the nursing home operator from Alchemy earlier this month.
It is understood that Ashurst became involved through other members of the consortium, which included Legal & General and Merrill Lynch, both of whom the firm has a relationship with. Blackstone’s key relationship is with US firm Simpson Thacher & Bartlett.
Herbert Smith seemingly has a stranglehold over UK work for Simpson Thacher’s other main private equity client KKR, but Blackstone is being actively targeted by many UK firms.