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.
Herbert Smith has been appointed by the Treasury to advise on the establishment of Partnerships UK - the Government's so-called PFI bank - which will fund and develop public finance initiative (PFI) projects. Herbert Smith was selected from a shortlist of four firms, which finance and banking partner Nicholas Tott says included "the usual suspects".
Tott says "We will be looking at the legal structure of how it will operate on a day-to-day basis - corporate governance, that sort of thing." This includes the relationship between the bank and the Treasury, regulatory issues and how the bank fits into the process of funding projects.
The firm's core team comprises PFI specialist Tott, senior partner Edward Walker-Arnott, corporate partner Michael Walter and competition partner Elizabeth McKnight.
"In something like this, which is a start-up, the issues will develop as the concept develops and we will draw in appropriate resources as issues arise," says Tott.
"The timetable is to get it in place as soon as possible next year. We are advising the Treasury on the establishment [of the bank] and there is a separate issue about who advises on it going forward."