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.
Barlow Lyde & Gilbert (BLG) has picked up a choice mandate for reinsurer Abbey Life Assurance Company on a £1.5bn insurance portfolio sale to Pacific Life.
The deal was completed within a month, despite there being two bidders on the transaction, meaning the firm had to work on two matching sets of discussions.
James Parker, head of life, annuity and pensions transactions at BLG, led on the deal.
He said: “It’s testament to all involved that, in spite of the technical complexity of the deal and Abbey Life undertaking parallel negotiations with two reinsurers, we were able to conclude the transaction within four weeks.”
The transaction will help Abbey Life minimise its longevity risk as life expectancy in the UK increases.
Pacific ;Life ;used ;its in-house team on the deal.
To receive our free Lawyer News Daily news and comment email, click here. Or get the latest news, features and comment as it's published with our free RSS feed.