The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Macfarlanes’ new boy brings NIB Capital Bank" />Macfarlanes has scored a new banking client thanks to recent recruit Tom Speechley, who joined in January to bolster the firm’s acquisition finance capability.
Speechley, who joined with Kirkland & Ellis partner Bronwen Jones, was instructed shortly after his arrival by long-term client NIB Capital Bank on HgCapital’s acquisition of German automotive supplier Hirschmann.
While Speechley was brought in to do acquisition finance work for the banks, Jones will concentrate on the borrower side. It is understood that she also brought work with her.
Most of the banking work was done out of London, but there was inevitably a good chunk of German domestic advice. In this instance Macfarlanes referred the German work on the deal not to best friend Nörr Stiefenhofer Lutz, but to Norton Rose’s German practice.
Macfarlanes has only loose referral ties with Nörr and both are entitled to instruct whoever they want on any given deal. Nörr recently bolstered its finance practice with the hire of Ashurst’s former head of finance Hans Gunther Nordhues for its German office last May.
HgCapital was represented by Lovells’ former German managing partner Oliver Felsenstein, who stepped down from his management position earlier this year to concentrate on fee-earning and his role as head of corporate.
Felsenstein has virtually sewn up HgCapital’s German work already. HgCapital was originally a London client, but this is the third deal Felsenstein has done for the private equity house in the last three years. London partner Marco Compagnoni has advised HgCapital twice in the same period and the Amsterdam office has also been instructed once.
Hirschmann’s vendor, Rheinmetall, was advised by Haarmann Hemmelrath & Partner, while the automotive company’s management was advised by private equity boutique Pollath & Partner.