In brief: Herbert Smith plugs into power contract

Herbert Smith has won further business in the electricity industry, after tendering to advise the public sector company due to be set up to run the 11 Magnox power stations. The Magnox company will be folded out of Nuclear Electric, which is forming a holding company with the smaller Scottish Nuclear in readiness for privatisation. The Magnox work is an on-going appointment with work including supply contracts, licensing, environmental, tax, employment and pensions. Herbert Smith was advising Scottish Nuclear. Clifford Chance, Nuclear Electric's solicitors, was appointed to the holding company.