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.
Freshfields Bruckhaus Deringer has landed a plum role acting for a consortium of bidders on its ongoing negotiations over the possible acquisition of energy giant Drax.
Partners Will Lawes and Karen Fountain are understood to be leading the work for consortium BCHP, which comprises energy solutions provider Constellation Energy and private equity firms Blackstone, Perry Capital Management and Hellman & Friedman.
Last week, the Drax board rejected a £2.2m offer from the consortium, but said it was continuing to engage with the bidders in an effort to improve the valuation. The company is also pursuing a refinancing programme due to culminate in an IPO on 15 December.
As revealed by The Lawyer (4 July 2005), Norton Rose is acting for Drax, with Allen & Overy (A&O) representing existing and new lenders to the company. Linklaters is acting for financial adviser Deutsche Bank.
Linklaters, alongside Latham & Watkins, is also acting for Goldman Sachs and Credit Suisse, the lending banks to the consortium.
In 2003, Drax's £1.3bn debt restructuring landed UK firms millions of pounds in fees. A&O picked up £10m in fees, while Norton Rose was paid £6m and the bondholders' counsel Milbank Tweed Hadley & McCloy netted £2m. Norton Rose was instructed after Drax's US parent AES, represented by Slaughter and May, withdrew from the process.