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.
Herbert Smith has scored its first property deal for Rotch, advising the real estate conglomerate on its £327m acquisition of Shell Mex House on the Strand
It is the largest single-building investment deal in UK history. The appointment came despite the fact that the firm is not on the Rotch panel, set up by group counsel Meena Heath last year. Panel member Clifford Chance would have been the obvious choice, but was conflicted out. It acted for the vendors, Lehman Brothers and real estate company Witkoff. Partners Iain Morpeth, Richard Margree and Andrew Carnegie led the team. Ashurst Morris Crisp and Slaughter and May are 'level one' advisers on the panel. Macfarlanes and Osborne Clarke are medium-sized advisers, while Memery Crystal, Salans Hertzfeld & Heilbronn and Julian Holy make up its niche firms. Chris De Pury, who led the Herbert Smith team, said: "Ever since their panel review they've tended to use Julian Holy [for property deals]." But it is understood that Rotch wanted a large firm for the massive acquisition against tough time pressures. Tenants of the landmark building include Shell, Pearson, Omnicom and Vodafone-Vivendi joint venture Vizzavi. De Pury said: "Clifford Chance was conflicted out and they knew some people here and we ended up pulling in the instruction. Julian Holy is closely tied to Rotch and what Rotch has been buying and selling recently are single-tenant assets. That is achievable for a small practice." Herbert Smith partners Don Rowlands, Gary Hommel, Ann Levin and Neil Warriner worked with De Pury on the deal.