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.
Denton Wilde Sapte is set to be revealed as the main adviser on the liquidation of ITV Digital, while Grant Thornton is expected to be named as the liquidator, replacing administrator Deloitte & Touche, at a creditors' meeting scheduled for 18 October. The Grant Thornton-Dentons lineup is understood to have been agreed by ITV Digital's four largest creditors. ITV Digital Holdings, the parent company of ITV Digital, fully owned by Carlton and Granada and advised by Slaughter and May, is the collapsed service's largest creditor and is owed £402m. The Football League, being advised in-house, is still owed £179m on a £315m five-year contract with ITV Digital. Transmission business Crown Castle, advised by Norton Rose, is owed £166m and BSkyB, advised by Herbert Smith, is owed £211m. Other smaller creditors and out-of-pocket subscribers make up the remaining £230m of debt. Unless any of the four major creditors breaks rank before 18 October, Grant Thornton and Dentons will get the job. The Lawyer understands that Dentons partner Nigel Barnett will be in charge of the team advising Grant Thornton. When Deloittes hands over to Grant Thornton, it is understood Clifford Chance will also see its role as adviser to the big four accountants on the administration come to an end. Clifford Chance and Deloittes billed around £2m for just seven weeks of work putting ITV Digital into administration earlier this year.