The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
An exhaustive analysis of the UK market including every firm in the top 200 ranked, analysed and benchmarked, UK chambers ranked by turnover, revenue per barrister and which international firms are most active in the UK.
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.