The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Legal fees in the epic restructuring of British Energy are fast approaching the £20m mark, with Clifford Chance taking the lion's-share of billings.
It is understood that British Energy's law firm Clifford Chance has, so far in the process (which began a year ago), scored about £13m in fees.
Slaughter and May, which is acting for the UK government, is believed to be owed up to £5m, while billings for Cadwalader Wickersham & Taft, as bondholders' counsel, are understood to be between £1m-£2m.
Last week was a turning point in the nuclear generator's future after scores of lawyers banged out an agreement with creditors at Clifford Chance's new Canary Wharf office for a £2bn debt for equity swap, which was signed on Wednesday (1 October).
However, the process could go on until September 2004, by which time the European Comm-ission will decide on whether the rescue plan constitutes illegal state aid.