The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Taylor Wessing and Eversheds have won roles advising on the IPO of IT services provider FDM Group, with the former gaining a new client following a competitive pitch process.
The group, which is owned by private equity group Inflexion, was taken private in 2010 after being founded in an attic by Brighton-based Rod and Sheila Flavell in 1990. Its flotation on the London Stock Exchange, just four years after its management buyout, is now valued at £308.5m.
While FDM turned to Dechert for advice on its buyout back in 2010, Taylor Wessing - a new adviser for the group - was instructed for this latest piece of work. The decision followed a competitive pitch process which was led by FDM owner Inflexion.
It is not known how many other firms went for the mandate. Taylor Wessing’s team was led by London head of corporate finance Russell Holden, with specialist input from tax partner Ann Casey, data analyst Sally Annereau, former head of real estate and current senior partner Adam Marks and technology partner Graham Hann.
Meanwhile Eversheds advised existing client Investec Bank, which was appointed as sponsor, financial adviser and broker for the flotation.
Holden said that FDM Group is “right in Taylor Wessing’s sweet spot,” adding in a statement: “For a business that started in an attic 23 years ago to grow to be the largest listed company of its kind in the country is an incredible achievement, all the more so given the recent uncertainties in the tech IPO market. As a client FDM Group is right in Taylor Wessing’s sweet spot - a family business with a great growth story in a dynamic industry.”