The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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While Intelek might be a relatively new client for DLA, corporate partner Chris Rawstron knows the aerospace electronics group of old, since he acted for it for years in his previous role as a pre-merger Edge Ellison lawyer. While the purchase of Paradise Datacom was based in the UK, a stake in a US subsidiary was also sold off to Intelek. The transatlantic side of the transaction was handled by Buchanan Ingersoll, which Rawstron had worked with in the past. The deal also involved a placing and an open offer by Intelek to raise funds to help finance the purchase.
For niche firm Solomon Taylor & Shaw, Paradise Datacom is a brand new fee-earning opportunity, after it had been recommended by a firm to act as counsel on the deal. However, this small seven-partner firm is used to dealing with transactions of any size, since one of its main clients is Hillsdown Holdings, both in its public and private guises, following the takeover by Hicks Muse Tate & Furst last year.
Solomon Taylor has seen the company in all its incarnations, since a founder of the practice Harry Solomon set up Hillsdown in 1975 with former butcher David Thompson. Solomon retired in 1994, well before the Hicks Muse fun and games began. However, the firm did grab a slice of the action by providing property advice to the company. On this transaction, senior partner Raymond Taylor acted on the UK side with Pennsylvania-based McQuaide Blasko providing US advice.