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.
It represents a massive win for BLP and is understood to build on a relationship Ha-mmerson originally inherited from a joint venture partner.
The tender included Brent Cross (London NW4) and The Liberty (Romford), which will stay with Eversheds. BLP was already advising on West Quay (Southampton) and is expected to gain asset management work on The Shires (Leicester), on which Herbert Smith has been advising, and The Oracle (Reading), previously with Nabarros.
It is understood that Hammerson wanted to rationalise its advisers for practical and economic reasons. Eversheds is expected to hold on to its role on Birmingham's Bullring, which was not included in the tender.
Herbert Smith and Nabarros are still working for the client in other capacities: Nabarros on town centre schemes in Peterborough, Leeds, Kingston and Sheffield, and Herbert Smith on development work on the Shires Shopping Centre, as well as on the development portfolio acquired from Railtrack.
Nabarros partner Simon Staite commented: "We're developing a very strong retail asset management practice in Sheffield, but we understand Hammerson's wish to centralise."