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 and Linklaters have taken leading roles on the £3.3bn cash call by energy provider National Grid.
The gas and electricity distributor will sell 990 million shares in a two-for-five rights issue at 335 pence, offering investors a discount of 46 per cent.
A Linklaters team led by corporate partner Roger Barron acted for National Grid, with US corporate partner Tom Shropshire advised on US securities aspects.
Herbert Smith acted for underwriters Morgan Stanley, Bank of America Merrill Lynch and Deutsche Bank. Corporate partners Alex Bafi and Chris Haynes led the deal for the City firm.
The new capital raising has been crafted to fund National Grid’s investment in replacing existing gas and electricity networks as well as developing access to new energy sources. National Grid expects to invest £22bn over the next five years.