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.
Sovereign provides equity release services for retired homeowners and third-party investors.
Gurney-Champion said the vote of confidence by shareholders as to the existing board was “a very good example of shareholder democracy” and that “the shareholder vote represented a strong endorsement of the existing board’s strategy”.
The company also raised £3.6m in a fundraising brokered by financial adviser Charles Stanley, which was represented by Maclay Murray & Spens capital markets partner Joanna Higton. FFW has represented Sovereign since 2004, when it advised on its AIM entry.
The shareholder revolt centred around plans mooted by the rebels to secure more income for investors by selling assets. Only 36 per cent of shareholders voted in favour of the new strategy.