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.
BAE Systems Capital has spent more than £3m in legal fees over the past 12 months purely on law firms with pro bono schemes
The capital division of BAE Systems, the world's largest defence contractor, has only been operational since January this year but was born last June of the Systems 2001 Asset Trust.
At the time, Clifford Chance and Milbank Tweed Hadley & McCloy worked on a $2.1bn (£1.3bn) structured bond issue for Systems 2001, giving them the lion's share of the multimillion-pound fees.
Terence Black, managing director of BAE Systems Capital, was previously head of legal at BAE, where he instituted a system of selecting law firms with good pro bono schemes. BAE Systems Capital does not have a formal panel but has also used Allen & Overy, DLA, Freshfields Bruckhaus Deringer and Linklaters in the past year.
"We use firms that are suitable for the work we do," said Black. "But we always find that every firm we use has a strong professional ethic. It's a standard guide to the quality of a law firm. If a firm has an ethos of doing pro bono, it's going to be a good law firm."