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.
SJ Berwin capital funds expertise" /> SJ Berwin has landed a role advising the Government on its latest round of enterprise capital funds (ECFs).
The vehicles, which were first introduced following the 2003 Budget, are designed to bridge the equity gap experienced by early stage venture capital companies that are too big to be funded by friends and family, but too small to attract the attention of professional investors. Applications for the second round of funds, which were mooted last November, are currently being considered by the Government, which received 30 proposals.
SJ Berwin fund formation partner Simon Witney and finance partner Duncan Woollard are advising the Government on all aspects of the initiative.
Witney said: "The Government invites bids from people who want to raise an ECF. It does due diligence on those bids and assesses which ones are attractive. Once it's selected the successful bidders the Government negotiates terms with them and we do that on its behalf."
At this stage it is not known how many funds will be given the go-ahead, but in the first round, on which SJ Berwin also advised, there were six.
"The Government hasn't said how many it's doing this time round," said Witney. "Once the successful bidders have been chosen we'll negotiate the fund partnership agreements and do work on the closing of the funds. We'll also advise the funds on their investments."
Under the terms of the scheme, the funds, which will be allowed to invest a maximum of £2m in individual companies, will receive up to £25m from the Government.