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.
Bristol-headquartered Burges Salmon scored an instruction on the landmark flotation of independent financial adviser and stockbroker Hargreaves Lansdown, which will value the company at between £600m and £800m.
Burges Salmon head of corporate Chris Godfrey is leading the team. He is the relationship partner for the company.
Hargreaves Lansdown, which is also based in Bristol, has around £8bn under management and more than 350,000 active clients. In the year ending 30 June its turnover stood at £73.5m.
Norton Rose is advising the banks, with corporate finance partners Margaret Coltman and Julian Stanier leading. Citigroup has been appointed as sponsor, sole global coordinator and bookrunner, while Numis Securities is co-lead manager. Lexicon Partners is the financial adviser to the IPO, which is expected in mid-May.
No capital will be raised as part of the listing and even if the company is valued at the low end of the indicative range the company's two founders, Peter Hargreaves and Stephen Lansdown, will each net around £260m.
In the run-up to the listing, Hargreaves Lansdown has shaken up its board and has appointed as a non-executive director Pinsent Masons' new director of life insurance Mike Evans (The Lawyer, 20 March).