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.
CMS Cameron McKenna and DLA Piper have scored lead roles advising Lloyds TSB’s private equity arm Lloyds Development Capital (LDC) on its £400m bid for outsourcing company CPA Global.
DLA Piper UK head of corporate David Raff is leading a team advising CPA on the deal, while Camerons corporate and LDC relationship partner James Grimwood is understood to be leading a team advising the private equity group.
Camerons UK head of corporate Andrew Sheach, together with partners David Day and Grimwood, are responsible for the firm’s relationship with LDC, which it advised in July this year on its management buyout of model retailer Modelzone Holdings. It is understood that other bidders for CPA include mezzanine investor Intermediate Capital with final bids for the company due this month.
Jersey-based CPA was founded 40 years ago by a number of UK law firms to manage the process of renewing patents. It is understood that some of the company’s initial shareholders are now reaching retirement age and so are looking to offload their positions.
CPA is becoming a recognisable name in the legal world, with more firms and in-house counsel looking to outsource parts of their legal processes. Earlier this year (18 June) The Lawyer reported on mining giant Rio Tinto outsourcing its internal and external legal needs to CPA in India.
A dedicated team of 12 lawyers provided by the outsourcing company carry out contract review, drafting, legal research and document review on Rio Tinto’s behalf. It is estimated that the service will generate savings of around 20 per cent of the company’s legal cost base.