The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Debevoise & Plimpton and Slaughter and May have landed prize roles on Prudential’s proposed $35.5bn (£23.9bn) purchase of American International Group’s (AIG) Asian insurance business.
Slaughters is fielding an 11-partner team advising Prudential on both the purchase and a record $20bn rights issue arranged to part fund the transaction.
William Underhill is leading the team alongside fellow corporate partner Roland Turnill. Coporate partner Nilufer von Bismarck is advising Prudential on the rights issue, which is expected to take place in June.
Finance partners Matthew Tobin and Guy O’Keefe are leading, respectively, on a $5bn senior debt tranche and a $10bn vendor financing tranche.
Coporate partner Robert Chaplin also features on the deal, along with tax partner Mike Lane and regulatory partner Jan Putnis. Bertrand Louveaux is advising on competition aspects and Susie Middlemiss on IP. Hong Kong-based M&A partner Padraig Cronin is advising on the Asian aspects of the deal.
Cleary Gottlieb Steen & Hamilton acted as US counsel to Prdential, with London partner Sebastian Sperber, New York partner Victor Lewkow and HongKong partner SK Kang leading.
Debevoise is acting for AIG on the deal, which is expected to close in the summer, following Prudential’s cash call. Co-chair of the firm’s financial institutions group John Vasily is leading the team, working alongside fellow New York corporate partner Andrew Bab and London-based corporate partner Jeremy Hill.
Hebert Smith is acting for underwriters Credit Suisse, HSBC and JPMorgan on the rights issue, reportedly the largest ever by a UK company. Corporate partners Will Pearce and Alex Bafi and finance partner Chris Fanner are leading the team for the City firm.