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.
Masons has advised Invensys on the outsourcing of its global IT systems to IBM in a 10-year deal worth up to $100m (£69.6m) a year. The transaction initially involves the provision of IT services to 18 countries and the transfer to IBM of 700 Invensys staff worldwide. Masons advised Invensys from the initial procurement phase to the execution of a global framework agreement, spanning almost a year. IT partner David Isaacs led with Bridget Fleetwood and Ed White, while Michael Ryley and Patrick Kennedy advised on employment and pensions. IBM was advised by its in-house lawyers, led by Tracey Paine. Isaacs has now advised on a number of global outsourcing deals for clients including BP. Commenting on the Invensys deal he said: "What we've negotiated in this deal is a global framework agreement. Then we entered into individual, country-specific contracts, which hang off the global framework." For jurisdictions where Masons does not have a presence, a combination of in-house lawyers at Invensys and local lawyers in relevant jurisdictions were used to ensure each contract complied. Invensys' London-based in-house counsel John Stansbury is a US attorney, so was able to advise on the US contract.