The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
DLA Piper Rudnick Gray Cary is acting for Mother Bidco, the consortium which has pushed aside a rival bidder to place recommended offer for retirement home developer McCarthy & Stone.
Manchester corporate partners Paul Rimmer and Jonathan Watkins are advising the consortium which consists of Bank of Scotland, the Reuben brothers and Sir Tom Hunter.
Ashurst corporate partners Adrian Clark and Eavan Sanders represented Rothschild as financial advisers to Mother Bidco.
Last week Mother Bidco made an £1.1bn offer (1,075 per share) for McCarthy & Stone. It trumped the recommended offer from a Permira and Barclays Capital vehicle, Mars Bidco, which offered £1.028bn (1,000p per share) for the retirement homes builder.
It was thought that any rival bid would falter because McCarthy agreed to pay Permira and Barclays Capital a £9.4m break-fee if a rival bid succeeded.
As first reported by The Lawyer (17 July) Slaughter and May, led by partners Robert Stern and Hywel Davies, represented Mars on the bid.
Clifford Chance partners Mark Campbell and James Butters have won the mandate to advise Citigroup and Dresdner Kleinwort, Mars' financial advisers.
Travers Smith is acting for longstanding client McCarthy & Stone, led by partners Oliver Barnes and Neal Watson.