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.
Freshfields is acting for Swedish drugs giant AstraZeneca in its merger with Swiss rival Novartis.
Corporate partner Julian Long is leading the Freshfields team. It is thought that he will be dealing mainly with regulatory issues but Freshfields says it is too early to say exactly what these will be.
Novartis has not yet decided which law firm it intends to use for the merger. But sources says it is thinking of appointing two UK firms to handle the work, believed to be Herbert Smith and Eversheds. The source adds that Novartis has been using a UK practice to advise on the deal, but a conflict of interest has arisen.
Rowe & Maw, which is regularly used by Novartis, has been conflicted out as it also works for AstraZeneca.
The Swiss headquarters of Novartis is thought be considering a US firm to handle the merger on worldwide matters.
The new company will be called Syngenta. It is expected to have a market capitalisation of over £10bn when its shares start trading next year.