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.
Manchester United FC corporate adviser Cazenove will not be able to give formal financial advice on Malcolm Glazer's takeover bid because of the investment bank's joint venture with JPMorgan, the American's financier.
Sources close to the bid said that Cazenove could not provide advice under Rule 3 of the Takeover Code, which requires a takeover target's financial adviser to justify publicly the commercial reasons for turning down a bid. The rule will come into play if Glazer makes a formal bid.
Cazenove can continue as corporate adviser, but Manchester United will need another investment bank, possibly broker Merrill Lynch, to give the formal opinion.
Club spokesperson Philip Townsend said the club and Cazenove had approached the UK Takeover Panel on the issue, but declined to comment further.
He also said that the board was happy to retain Cazenove, because "there were sufficient Chinese walls in place and sufficient separation" between Cazenove and JPMorgan.