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.
Partners Mark Mifsud, Richard Watkins and Justin Dolling advised on the Terra Firma fund (Terra Firma Capital Partners III), which closed last month (30 May) having raised €5.4bn (£3.66bn).
Earlier this year (15 January) The Lawyer reported that Kirkland raided SJ Berwin for its private equity trio in order to ramp up its fund activity. The team started at the firm in March.
Kirkland & Ellis partner Richard Watkins said: "This was extremely significant for Terra Firma because it demonstrates that they are one of the big hitters in the market. The last fund closed at £2.1bn. It has increased dramatically."
The private equity house is an existing client for Watkins and his team, which has advised on previous funds for the company.
The deal comes after Terra Firma announced its £3.2bn bid for record company EMI in May.