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.
Herbert Smith's fledgling finance department has received a major boost after completing the firm's first deal for ANZ Investment Bank.
The firm, led by partner Jason Fox, acted for ANZ on a $100m (£63.5m) revolving credit facility for Norwegian oil and gas company DNO ASA.
Herbert Smith did not have to attend a beauty parade for the work. But it did win a beauty parade for another deal against Allen & Overy last year, but that deal did not go ahead in the end.
"We chose Herbert Smith for this deal after getting to know them last year and instructing them on a deal that never went ahead," explained an ANZ spokesperson.
ANZ has instructed White & Case and Linklaters on major financings in the oil and gas sectors in the past. The bank does not have a formal legal panel and is known to be keen to spread work around. ANZ bankers tend to choose the law firms for their deals before their choices are vetted by the legal department.