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.
Milbank Tweed Hadley & McCloy corporate star Tim Emmerson has scooped the lead role advising three former Misys directors on their £1bn attempted takeover of the company.
Emmerson won the work through Bridgewell, the boutique financial adviser to the Misys ex-directors. He was recommended to the clients by Bridgewell's management, which includes Jim Rennick, the former head of equity capital markets at UBS.
Emmerson advised Rennick on the privatisation of Railtrack and the IPO of Thomson Travel. Coincidentally, Allen & Overy partner David Wootton, who is understood to be advising Misys, also worked on the Thomson deal, advising the company.
Ross Graham, Mike O'Leary and John Sussens are the former Misys directors hoping to take control of the software and healthcare company to revive its flagging performance.
The three took Misys through its growth in the 1980s and 1990s. They still own shares in the company, valued at around £5m.
The former directors want to split Misys into its component business areas - healthcare, IT and banking - with a view to selling them on within a few years.
Their proposal has captured the imagination of the City because they will only draw a basic salary upon winning control of Misys. Equity and bonuses will only be theirs if they manage to turn around sliding profit.
But Graham, O'Leary and Sussens will be up against chief executive Kevin Lomax, who is leading a management buyout bid with other members of the board.
Private equity firms Permira and General Atlantic Partners are also in the running for control of the company.