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.
Ashurst has helped clients Carillion and Interserve close two strategic Building Schools for the Future (BSF) projects in Durham and Sandwell.
Ashurst has sat on Carillion’s panel for PFI work for a number of years and has advised on all four BSF deals that Carillion has closed to date, advising both the lenders and Carillion itself. It has since been instructed on Rochdale BSF, which Carillion was recently appointed to as preferred bidder.
Partner Philip Vernon led the team advising on the Durham deal, which had a £50m debt tranche and £6.2m of equity, with senior associate Paul Angel assisting on the deal.
Vernon said both deals are expected to yield further work. “Once you’ve closed the primary deals there are subsequent deals under the umbrella agreements,” he commented.
White & Case partner Anthony Fine advised joint funders Barclays and Nationwide, while Dickinson Dees partner Iain Greenshields advised Durham County Council.
Partner Logan Mair led the team advising sponsor Interserve on the £50m Sandwell BSF project, with senior associate David Care assisting on commercial matters.
Bevan Brittan picked up the role advising Sandwell Metropolitan Borough Council, while DLA Piper advised funders Barclays and Nationwide. There was £5m of equity.
Ashurst finance partner Patrick Boyle assisted on the finance documentation for both projects.