The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
A unique dispute in which a petition for reduction of Marconis share capital in a company was challenged has resulted in a settlement between clients of Norton Rose, Allen & Overy (A&O) and Ashurst Morris Crisp. The compromise means Marconi, represented by A&O, is due a repayment of £41m from a joint venture company, Ultramast, set up to construct telecom masts on sites owned by Railtrack and British Waterways. Ultramast petitioned the High Court to sanction the reduction of the share capital in the company. Marconi was seeking a return of £55m from a total investment of £65m. British Waterways, which contested Ultramasts petition, alleged that Ultramast, represented by Ashursts, has ongoing fiduciary duties. Most petitions of this nature are not opposed. Antony Dutton, the Norton Rose partner for British Waterways, said: The contract was entered into on the basis that Marconi would have sufficient capital to build the masts. If this capital is left outstanding then Ultramast will have insufficient funds to have the sites developed. Marconi is still providing some investment to Ultramast. There are rumours of a management buy-out of remaining Ultramast shares, worth £65m, owned by defunct rail operator Railtrack.