The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Corporate partner Stephen Blackshaw and capital markets partner Richard Levy led the Linklaters team acting for Yorkshire on the deal.
Financial services partner Adam Bennett led an Addleshaws team for longstanding client Chelsea, with banking partner Mark Thomas also on the deal.
Discussions on the deal are said to be at an advanced stage. It would create an asset with a value of around £35bn and cement Yorkshire’s place as the UK’s second largest building society.
The merger will also see Chelsea use contingent convertible notes - or CoCos - as part of the deal. These notes were used in Lloyds Banking Group’s record-breaking £22.5bn capital raising exercise last month.
The transaction also confirms Addleshaw’s position as one of the leading players in the building society market, with the firm acting for almost half of country’s building societies and on every one of the last 15 merger deals.