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 has scooped the £3.545bn debt finance mandate on PSA International's bid for P&O.
A team led by Clive Barnard and Euan Ferguson is understood to be advising Goldman Sachs, RBS and UBS on the acquisition financing, after a series of other City firms were conflicted out.
However, the deal represents a major breakthrough for Herbert Smith, which has committed to increase its finance turnover to 20 per cent of worldwide revenue over the next five years.
New finance head Jason Fox has overseen a major recruitment drive, including the hiring of two partners from Denton Wilde Sapte at the end of last year.
Slaughter and May partners Richard Hall and Matthew Tobin are advising PSA as the borrower.
Both Herbert Smith and Slaughter and May declined to comment.
This morning (January 27) rival bidder DP World raised its offer for P&O. DP World is being advised by Linklaters and also by Clifford Chance on the financing. Allen & Overy and Denton Wilde Sapte are acting for the banks on the DP World bid.