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.
Accountancy-tied firm Landwell has scored a major private equity coup with an instruction from E1bn (£666m) fund Change Capital
Landwell has set up the fund for Marks & Spencer (M&S) boss Luc Vandevelde and is in discussions that may see the firm bagging Change Capital's transactional work.
Change Capital is one of a new breed of sector-focused funds and will concentrate on Western European retail and consumer targets. The fund is likely to focus on acquisitions in the €30m-€50m (£20m-£33m) bracket.
Finance partner Laura Cox won the work following a referral from the personal tax group at accounting parent Pricewaterhouse-Coopers (PwC) - Vandevelde is a important client of the group. Cox worked in a multidisciplinary team alongside PwC's tax, investment management and regulatory partners.
Landwell will not get a chance to join the Safeway battle because Vandevelde has already indicated that the retailer is too large for the fund and any stake for Change Capital would cause a conflict with his role in M&S's management.
The client win is a major boost for Landwell, which, like all accountancy-tied firms, is struggling with the post-Enron regulatory environment.
Last week, high-profile litigation partner Simon Whitehead and his team left for Dorsey & Whitney after one of Whitehead's US clients indicated that they could no longer instruct an accountancy-tied firm under the new Sarbanes-Oxley regime.