Latham & Watkins
International Top 30 position: 2
International 50 position (Asia-Pacific): 26
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Latham & Watkins posted a 3.4 per cent rise in total turnover for the 2011–12 financial year, bringing the firm's global revenue to $2.23bn.
The firm now has 31 offices worldwide and handles a large number of high-profile international deals. In one standout deal Latham represented the lenders, which included Export-Import Bank of the United States and the Export-Import Bank of China, in connection with the $8.5bn (£5.5bn) project financing of Australia Pacific LNG, a coal seam gas to liquefied natural gas project in Queensland, Australia.
Other key mandates include representing Lucasfilm, which is 100 per cent owned by Star Wars creator George Lucas, on its $4.05bn (£2.5bn) acquisition by Walt Disney in October 2012.
Latham also landed one of the most high-profile matters in the oil and gas sector in September 2012 when it was appointed counsel for Plains Exploration & Production as it bought interests in a range of fields in the Gulf of Mexico for $5.5bn (£4.3bn).
Revenues at the firm's London office grew by 16 per cent from $165m to $195m for the 2010–11 financial year, which placed it in second position in The Lawyer's Top 30 international firms in London 2012.
Litigation is also a strong suit globally and the firm's overall litigation turnover in 2010–11 was $602.6m, placing it in ninth place of the The Lawyer Litigation Top 50 2012.
News from The Lawyer
Briefings from Latham & Watkins
Jurisdiction of the Hong Kong Courts re winding up and unfair prejudice petitions — offshore companies
Hong Kong law contains a number of provisions designed to protect the interests of minority shareholders, including the “unfair prejudice” remedies under section 168A of the Companies Ordinance and the Ordinance’s “just and equitable” winding-up provisions.
The EU’s banking union proposals, consolidating the European regulatory supervision of credit institutions
On 12 September 2012 the European Commission adopted legislative proposals, including a draft EU Regulation, to establish a single supervisory mechanism for banks which is to be led by the European Central Bank.
Analysis from The Lawyer
Loss of PE star Oliver Felsenstein must surely force firm’s hand over lockstep reform.
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
Browse This Firm’s
Firmwide revenue 2011 ($m): 2,152
Global lawyers 2011: 2,062
No. of offices: 5
No. of qualified lawyers: 101 (International 50)
No. of partners: 32