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 scooped its first piece of work for Deutsche Morgan Grenfell Private Equity after usual firm Allen & Overy (A&O) was conflicted out.
`Freshfields won the work when the private equity house bought Whitbread's 3,000 pub estate earlier this year for £1.625bn. It has since advised on the disposal of 439 pubs to Enterprise Inns for £262.5m and is working on a securitisation of the estate.`It is understood A&O could not do the work because it had been working with Deutsche Bank advising Whitbread on a possible securitisation.`Chris Hanna, senior associate director at Morgan Grenfell Private Equity, said: "We normally use A&O but A&O had been conflicted, so we ended up with Freshfields mainly on the basis of their securitisation practice. Principally, there are three firms as far as securitisation is concerned, and when A&O were conflicted out we went for what we thought would be the next best thing."`Freshfields corporate partner Patrick Gaynor has been leading the deal, with David Winfield running the banking side. Partner John Fordham advised on property, corporate partner Lois Moore dealt with key supply contracts and corporate partner Jeffery Roberts ran the Enterprise deal. CMS Cameron McKenna partner Sean Watson advised Enterprise.`Hanna said: "We have been thoroughly impressed with Freshfields and we see them having a good role going forward."`In the past the group has also used Dickson Minto and Ashurst Morris Crisp, and the Paris office of Ashursts has done regular work for them.`At A&O, corporate partner Susan Howard is the relationship partner for the client. She said: "We are their regular firm, but we did have a conflict problem that we couldn't resolve, although we subsequently acted for Lehman on the financing of the Whitbread deal anyway."