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.
Baker & McKenzie has become embroiled in a political debate after pocketing A$1.6m (£640,000) in legal fees for advising the Australian government on its aborted privatisation of the Snowy Hydro scheme.
The US-headquartered firm, which has offices in Sydney and Melbourne, advised the New South Wales (NSW) state government on the proposed sale of Snowy Hydro, Australia's largest renewable energy supplier.
The sale was halted in June after Australian Prime Minister John Howard declared that the Commonwealth was no longer interested in selling its 13 per cent stake in the company following pressure from the public.
Bakers' fees were subsequently revealed after the NSW treasury was forced to release documents detailing the cost to taxpayers of the aborted privatisation. The fees were part of a total of more than A$12m (£4.82m) paid by the government to bankers, lawyers and advertising agencies.
It is understood that, five days before Howard's announcement, the firm advised the government to consider abandoning the A$3bn (£1.21bn) float because of legal uncertainty surrounding the sale.