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.
Linklaters has won a role alongside Cleary Gottlieb advising US private equity giant Texas Pacific Group (TPG) on its £150m investment in UK bank Bradford & Bingley.
Linklaters corporate partners Charlie Jacobs and John Lane lined up alongside regular advisors Clearly Gottlieb in what is believed to be the firm’s first instruction for TPG.
Bradford & Bingley (B&B), which had launched a £300m rights issue to repair its damaged balance sheet, turned to Herbert Smith head of corporate Michael Walter and corporate partner Will Pearce. B&B is now scaling back the issue but will still attempt raise an £258m in a discounted issue at a share price of around 50p.
Cleary Gottlieb’s team was led by London corporate partner Simon Jay. Freshfields Bruckhaus Deringer is representing the underwriters, Citi and UBS, led by financial institutions team leader Will Lawes.
This week B&B announced pre-tax losses of £8m for the first four months of 2008 compared to a profit of £108m for the same period last year.
The mortgage lender also confirmed on Monday that its chief executive, Steven Crawshaw, had stepped down due to health problems.