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.
Herbert Smith, DLA Piper and Osborne Clarke have all scooped roles on the £370m acquisition of AOL’s internet access business by mobile communications giant Carphone Warehouse.
Carphone Warehouse’s general counsel Tim Morris is understood to have instructed existing advisers Osborne Clarke and DLA Piper on the deal, while Herbert Smith partners Nick Elverston and Gavin Davies represented Time Warner subsidiary AOL.
All three firms are regular advisers to the two companies. Osborne Clarke acted for Carphone Warehouse on the December 2005 acquisition of Centrica’s OneTel business, while DLA Piper partner James Kerrigan has previously represented the company on a number of transactions.
Meanwhile, Herbert Smith has advised Time Warner and AOL since the two companies merged in 2000.
The deal sees Carphone Warehouse become the UK’s third biggest internet provider, with AOL bringing 2.1m customers. AOL will continue to provide advertising and portal services through a revenue-sharing agreement.
Carphone Warehouse is paying cash for the business, funded via an extension of existing debt facilities. European competition authority clearance is being sought and the deal is expected to be approved by the end of December 2006.