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.
Chris Ashworth (pictured right) is leading two Ashurst Morris Crisp teams advising on different hostile takeovers, together worth over £600m.
Corporate partner Ashworth is acting for lighting company TLG, the target of a £353m unsolicited takeover offer from manufacturing group Wassall. Ashworth's team also includes fellow corporate partner David Kershaw, employment partner Caroline Carter and employee benefits partner Paul Randall.
Last week Wassall's offer looked set to succeed following the withdrawal of a rival bid for TLG made by US company Cooper Industries.
At the same time Ashworth is also advising Henlys on its heated bid battle with Mayflower for bus manufacturer Dennis.
This looks to be a close run affair as Henlys' offer of a mixture of cash and its own shares - originally valued at £309m - has decreased in value following a fall in its share price and is now nearer to Mayflower's £255m all-cash offer.
The two takeovers bring the value of deals on which Ashworth has worked this year to over £2bn. Modestly describing 1998 as "fairly busy", he said: "Hostile takeovers are probably the most enjoyable type of work that I do."
"It's exciting because there are always changes as the bid progresses."