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.
Allen & Overy (A&O) is set to reap a massive 18m of fees through advising recovering telecoms giant Marconi - 2m more than the original estimated billings of all the law firms involved in the complex restructuring.
Clifford Chance (acting for a 27-strong syndicate of banks) and the bondholders' lawyers Bingham McCutchen originally were together expected to bill around 16m.
It was understood that all the advisers on Marconi's debt restructuring were billing 500,000 a week, giving lawyers an estimated final tally of 16m, based on the original 31 January completion date.
Although that date has now moved to 15 March, A&O is now expected to grab the lion's share of the fees.