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.
Lovells is in the throes of negotiating with Apax Partners over £1m worth of fees after the second deal it acted on for the private equity firm was aborted
The firm recently represented Apax on its bid for the Compass Group-owned Travelodge and Little Chef. However, last week Per-mira, the private equity house formerly known as Schroder Ventures, was granted exclusivity on the deal. Lovells originally acted for Apax on its offer against rival Cinven, represented by Ashurst Morris Crisp, on the $1.2bn (£764.2m) acquisition of National Car Parks (NCP) from Cendant. Since the deal was a 'contract race', in which two private equity houses were permitted to keep competing against each other to keep the offer price at an attractive level, Cendant agreed to underwrite the bidders' costs. It is understood that Lovells was owed around £1m but reached an agreement with Apax for a percentage of the fees in return for being retained on another deal. Since the recent Compass deal fell through, Lovells is understood to be trying to secure a healthy percentage of the fees from the NCP deal. Apax and Lovells declined to comment.