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.
This is the second large securitisation that Jonathan Walsh at Norton Rose has completed for Bristol & West, after winning the client in the summer through a relationship with parent company Bank of Ireland.
Walsh led the team on a deal completed in June which saw the new client pull off a synthetic securitisation of a £300m mortgage portfolio. It is believed to be the first of its kind in the market which used synthetic techniques to securitise a new asset type, buy-to-let mortgages.
This second deal is the first securitisation of Bristol & West's core residential mortgage book, and was the first-ever UK issue. Before becoming a subsidiary of Bank of Ireland in 1997, B&W had not done any residential mortgage securitisations as a building society. That meant the Norton Rose team had to sit down with the bank and work through a full review of all the residential mortgages, but despite that, the group still managed to complete the deal within a three month timescale.