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.
Bristol-headquartered Burges Salmon scored an instruction on the landmark flotation of independent financial advisers and stockbrokers 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, with which Burges Salmon has enjoyed ties since the 1980s.
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 2006 the company's 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 if the company is valued even 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 Mason's new director of life insurance Mike Evans, formerly the chief operating officer at Skandia UK (The Lawyer, 20 March).