The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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 racked up almost £10m in fees after advising the Department of Trade and Industry (DTI) on the launch of the Nuclear Decommissioning Authority (NDA).
The firm pitched against a number of City rivals to scoop the two-year contract to advise the DTI on issues including the contractual framework needed to be put in place by the NDA, the new body responsible for the Government's £48bn nuclear clean-up programme.
As first revealed by The Lawyer (8 September 2003), Slaughter and May, historically the Government's principal adviser on nuclear issues, was not invited to pitch for the NDA mandate. Slaughters was already advising the Government on the high-profile British Energy restructuring and the DTI was concerned about over-dependence on a single firm.
This NDA mandate has proved ever more profitable than British Energy. Last November it was revealed that total fees for all advisers on the British Energy restructuring totalled £13.5m.
It is understood that Herbert Smith will support the body's legal director and company secretary Fiona Hammond in her review of its legal function.