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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.
Lovells has scooped the mandate to advise the underwriters of an Islamic loan for a Pakistani energy plant.
The firm advised Dubai Islamic Bank, Citi Islamic Investment Bank, Standard Chartered Bank, National Bank of Pakistan, Habib Bank and SAMBA Financial Group on the $150m (£73.61m) sharia compliant syndicated loan to fund the Engro Chemical plant.
Lead partner for the Lovells team, Shibeer Ahmed, said: “It has been a busy first six months for our new office in Dubai. Since we launched in May, the team has closed transactions in financing totalling $6bn (£2.94bn) in value.”
The financing incorporates three tranches including a $300m (£147.23m) loan syndicated to local banks, a $65m (£31.90) loan and an Islamic sukuk worth $50m (£24.54m).
Lovells worked alongside Pakistani law firm Mandviwalla & Zafar while Engro was represented by Khozem Haidermota & Co.