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.
Norton Rose corporate partner Martin Scott (pictured) led the team alongside London-based corporate partners Nick Adams and Chris Randall and Hong Kong-based corporate partners Richard Crosby and Liza Lee.
The firm is a regular adviser to HSBC, although many of its instructions have been outside the UK.
In October last year the firm advised HSBC on the $608m (£351m) acquisition of Indonesian bank Ekonomi (24 October).
Scott said the rights issue had required the use of several of the firm's international offices, as HSBC is listed in London, Hong Kong, Bermuda, France and New York.
He added: "The most difficult thing was the logistics of having to deal with lots of different jurisdictions."
A number of other firms including Freshfields Brurckhaus Deringer also have relationships with HSBC.
Linklaters has now won six major underwriting roles in succession, including acting on the rights issues of Xstrata, British Land, Tullow Oil, Standard Chartered and Santander.
Corporate partner John Lane represented Goldman Sachs and JPMorgan as underwriters on the HSBC issue.
On US matters, London-based Cleary partner Ashar Qureshi acted for HSBC, while Shearman capital markets partner Richard Price gave US counsel to the underwriters.
HSBC announced the cash call alongside its annual report, which announced that pre-tax profits had fallen by 62 per cent to £6.5bn.