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.
Clifford Chance is understood to be advising on a £1.25bn bond issue secured against the future income of its own new London Docklands HQ and three other buildings under construction by Canary Wharf. Clifford Chance is acting for the property company, while Allen & Overy is understood to be taking its usual role for the banks. Canary Wharf is said to have appointed Morgan Stanley, Lehman Brothers and Schroder Salomon Smith Barney to handle the securitisation. The buildings will be occupied by Morgan Stanley, Lehmans, Northern Trust and Clifford Chance. The magic circle firm is due to move into its one million sq ft tower next year. Like Canary Wharf's last securitisation nine months ago, which raised £800m, the timing of this latest bond issue breaks with the traditional approach. Instead of waiting until there is rent to pay the interest on the bonds, it will accelerate the securitisation ahead of the completion of the buildings. The timing of the transaction is thought to be linked to Canary Wharf's plans to speed up the return of £2bn to investors. The deal marks a continuation of Clifford Chance's strong relationship with the property company. The Clifford Chance team deals with all financing arrangements but shares letting and pre-letting work with Ashurst Morris Crisp. Ashursts partner Martin Wright closed the deals which saw Clifford Chance sign up for HQ5. Clifford Chance advised Canary Wharf on its £800m issue nine months ago, a £385m issue in 2000 and a £555m issue in 1997.