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.
Clifford Chance and Linklaters snared the prized mandates on the long-awaited IPO of commodities trader Glencore.
The flotation of up to $12bn (£7.3bn) worth of stock on the London and Hong Kong exchanges would value the trading giant at around $60bn and be one of the biggest IPOs ever to hit the London market.
Linklaters corporate partner Charlie Jacobs is understood to be advising Glencore on the flotation. The magic circle firm’s team is completed by Hong Kong corporate partner Rob Cleaver, capital markets partner Patrick Sheil advising on US matters, London corporate partner Owen Clay and corporate partner-elect David Avery-Gee, who will join the partnership next month.
Clifford Chance is advising the syndicate of banks acting as lead arrangers: Morgan Stanley; Citigroup; and Credit Suisse. Capital markets partner Adrian Cartwright is leading the Clifford Chance team, alongside City banking partner David Lewis, US securities partner John Connolly and Hong Kong corporate finance partner Amy Lo.
Jacobs acted for Glencore on last year’s $2.2bn bond issue - a deal that was widely viewed as a precursor to a flotation for the mining and resources trader. It is expected that the listing will be used to fund a raft of new acquisitions for Glencore.