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.
Cleary Gottlieb Steen & Hamilton has secured work on Terra Firma's high-profile bid for music giant EMI.
Cleary is advising Citigroup, which is providing the financing on the £3.2bn takeover of EMI, which has also been the target of Warner Brothers.
The Cleary team, led by finance partner Andrew Shutter, is waiting to hear if Warner will react with a counter bid.
Shutter said: "There's the possibility of a counter bid, but we can't say at the moment what will happen."
Citigroup is a regular client of Cleary but the bank also turns to Ashurst and Freshfields Bruckhaus Deringer for acquisition finance advice. Freshfields, led by relationship partner Mark Rawlinson, is advising EMI.
Cleary also advised the bank as part of a consortium led by Cerberus Capital Management on the $14bn (£7.06bn) acquisition of General Motors Acceptance Corporation from General Motors in 2006.
Last month (21 May) The Lawyer reported on Weil Gotshal & Manges' win on the transaction, advising Terra Firma. The firm's team is being led by corporate partners Marco Compagnoni and Ian Hamilton.
Compagnoni commented: "It's a great deal to be advising on and it's clearly a challenging transaction. It's extremely high profile."