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.
Linklaters scoop key roles on RBS £12bn rights issue" />Freshfields Bruckhaus Deringer and Linklaters have secured the key legal roles in Royal Bank of Scotland's (RBS) record £12bn rights issue.
RBS has turned to long-standing advisor Linklaters as it bids to repair the damage done to its balance sheet by sub-prime losses.
Freshfields is advising the underwriting banks, Goldman Sachs, Merrill Lynch and UBS, who will share a £210m payday by underwriting what is Britain's biggest ever rights issue.
RBS is set to announce write-downs of £5.9bn from investments linked to American sub-prime mortgage market.
The Freshfields team is being led by corporate partners Simon Witty and Sarah Murphy, alongside financial institutions partner Will Lawes.
Murphy said: "There is always pressure on a deal this large - everyone is looking at it. All the parties thought it was the right thing to do to raise the right amount of money to put RBS on a good footing going forward."
Linklaters' head of banking Robert Elliot is working on the issue with corporate partners Anne Drummond and Matthew Middleditch as well as US capital markets partner Tom Shropshire.
RBS is also hoping to raise a further £4bn by selling off its insurance portfolio, including Direct Line and Churchill.