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.
Eversheds has been mildly rebuked in an otherwise damning report into the collapse of MG Rover.
The Government-commissioned report, which was carried out by Guy Newey QC of Maitland Chambers and Gervase MacGregor of accountants BDO Stoy Hayward, found that Eversheds was unable to do full due diligence in relation to Phoenix Venture Holdings’ PVH acquisition of Rover.
Eversheds usurped Wragge & Co as Rover’s go-to adviser when the company was reborn as MG Rover following Phoenix’s 2000 acquisition from BMW.
After MG Rover went into administration in 2005 the Government commissioned the investigation into the company’s demise.
While the report criticised Eversheds in some respects it did not find that the firm’s advice contributed to the company’s collapse. The report pointed out that PVH did not follow Eversheds’ advice to the letter, particularly in relation to the sale of its parts business Xpart to Caterpillar Logistics Services (Cat), a deal that was designed to keep MG Rover afloat.
“While those concerned may have understood Eversheds to have endorsed the basis on which Xpart was transferred to PVH, the way in which the proceeds of the sale to Cat were treated did not accord with advice which Eversheds had given,” it said.