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
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 and Skadden Arps Slate Meagher & Flom have taken lead roles on Russian steelmaker Evraz’s London listing.
The company, which is part owned by Chelsea FC owner Roman Abramovich, has been valued at around £4.7bn after redomiciling in London and is widely expected to enter the FTSE100 when the index is reshuffled in December. Until now Evraz has been domiciled in Luxembourg.
Linklaters London corporate partners Charlie Jacobs and David Avery-Gee led the advice to Evraz, working alongside Moscow-based corporate partner Hugo Stolkin. Avery-Gee, who was one of just six City lawyers made up to Linklaters’ partnership this year, has worked alongside Jacobs on a number of high-profile deals. Earlier this year the pair advised mining and resources trader Glencore on its $12bn (£7.54bn) dual listing in London and Hong Kong.
On that deal, one of the biggest IPOs ever to hit the London market, Clifford Chance acted for a syndicate of banks that included Morgan Stanley, Citigroup and Credit Suisse, with capital markets partner Adrian Cartwright and banking partner David Lewis leading the firm’s team.
Morgan Stanley and Credit Suisse also appear on the Evraz deal, taking joint sponsor roles. On this occasion they turned to US firm Skadden for advice, with London-based corporate finance partner Jim McDonald leading.
It is understood that Evraz chose to redomicile and target entry of the FTSE100 because of the greater liquidity and broader shareholder base in London compared with Luxembourg.