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.
The firm's three-partner team is led by global head of M&A Casey Cogut. It also includes the former head of Simpson's London office, Alan Klein as well as partner Kathryn King Sudol.
Cadwalader Wickersham & Taft has also secured a key role on the year's biggest deal so far, advising Microsoft on the antitrust implications of a merger that would see two of the three largest players in the online search market combine. Cadwalader's head of antitrust, Rick Rule is advising longstanding client Microsoft.
The lawyer tasked with defending Yahoo! is Skadden Arps Slate Meagher & Flom's Palo Alto-based partner, Ken King. Yahoo! is also a longstanding client of Skadden's, with the $350m acquisition of Zimbra, the $300m acquisition of BlueLithium and the $4bn 40 per cent stake in Alibaba.com recent highlight transactions for the firm.
None of the firms involved would comment on the deal. However, Clifford Chance partner and US head of finance and restructuring, Evan Cohen said it offered "a good message" for the M&A market.
"I think it's a good sign that big deals involving both debt and equity are still being done," Cohen said. "We're probably seeing more strategic deals than private equity-led deals now as financing's so tight, making it harder to borrow. But this shows that if the strategic deals make sense, companies are prepared to use their balance sheets."
Microsoft's unsolicited bid for Yahoo! became public last Friday (1 February) in a letter from the company's chief executive, Steve Ballmer to Yahoo! co-founder Jerry Yang.
It proposed a cash-and-shares offer worth $31 a share, representing a 62 per cent premium to Yahoo!'s closing share price on Thursday (31 January).