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 magic circle proved its mettle on transatlantic aerospace deals, with Clifford Chance landing Meggitt’s $1.1bn (£571m) purchase of K&F Industries.
Corporate partner Adam Signy led the team at Clifford Chance for Meggitt, the UK aerospace company.
Under the terms of its offer, which it is financing through the exchange of shares as well as debt, Meggitt is assuming $700m (£363.5m) of American company K&F’s debt. Rothschild is advising Meggitt on the deal, with Merrill Lynch advising on the rights issue.
K&F instructed US firm Gibson Dunn & Crutcher, its longstanding counsel that it also used on its $315m (£163.6m) IPO in 2005.
The purchase follows January’s $4.8bn (£2.5bn) purchase of Smiths aerospace group by General Electric (GE). On that deal, Allen & Overy advised Smiths, with Slaughter and May advising GE (see The Lawyer, 22 January).