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.
Ashurst, Herbert Smith and Slaughter and May have been handed leading roles in the rescue package for Bradford & Bingley.
After a weekend of emergency negotiations, it was agreed that Spanish bank Santander will take over B&B’s savings business and branches while the £50bn lending business will be nationalised.
Herbert Smith corporate head Michael Walter advised B&B alongside corporate partners Will Pearce and Adam Levitt, as well as restructuring partners Kevin Pullen and Laurence Elliott.
Santander called on Ashurst’s new senior partner Charlie Geffen along with corporate partner James Perry and commercial partner Clive Tucker.
Slaughter and May is representing the Government.
The part-nationalisation was approved by Gordon Brown yesterday as part of a rescue package for the ailing lender.
B&B’s £50bn mortgages and lending business will now be underwritten by the taxpayer.
Herbert Smith, led by Walter, advised B&B on its £300m rights issue in May. (The LawyerMay 14 )
Freshfields Bruckhaus Deringer deployed a team of over 40 lawyers to advise the Bank of England in relation to the rescue, including designing the structure which split out the retail deposits sold to Santander and the associated financing.
The Freshfields team was led by Michael Raffan, head of the firm's financial services group, and also included corporate partners Graham Nicholson and Philip Richards, finance head Alan Newton and restructuring partner Richard Tett.