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.
Following on from last summer's chaotic bid for Hyder, Western Power Distribution (WPD), which won out against Japanese bank Nomura, is offloading a number of the Welsh water and electricity company's assets.
The £20m management buyout of Hyder's consulting business by 70 senior managers may provide a new client for Wragge & Co, as it is the first time the firm has acted for any facet of the company after corporate partner Richard Haywood, who headed the deal, was recommended to the client. Osborne Clarke, however, reprised its role as legal adviser to WPD by acting on the selloff of the group. Led by corporate partner Clive Watts, this transaction was particularly time-consuming due to the buyers having to examine a high number of businesses housed under the Hyder Consulting umbrella.
WPD will become a rich source of work for its firms, as it intends to offload everything bar Hyder's electricity business Swalec. Ironically, the water business may end up in the hands of Glas Cymru, a not-for-profit company, which threw its cap in the ring to take over Dwr Cymru (Welsh Water) last year at the height of the bidding war between Nomura and WPD.