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.
Two US firms have won the lead roles on the $1.2bn sale of German music giant Bertelsmann’s 50 per cent interest in Sony BMG to Sony.
Davis Polk & Wardwell advised Bertelsmann with New York partner Christopher Mayer leading the firm’s team on the deal.
Sony turned to panel firm Paul Weiss Rifkind Wharton & Garrison and partner James Schwab.
Paul Weiss has been instructed by Sony on a number of deals after sitting opposite the music publishing giant on a number of deals throughout the 1990s.
Schwab told The Lawyer, “We initially developed a relationship with Sony while across the table on deals and then advising a partnership in which they were part owner. Our relationship has grown over the years and we now advise various divisions throughout the world.”
The firm advised Time Warner in 1991 organising Columbia House as a joint venture with Sony.
Last year (3 October), The Lawyer reported that the European Commission had approved Bertelsmann and Sony’s merger. Cleary Gottlieb Steen & Hamilton competition partners Nick Levy and Robbert Snelders led the firm advising Sony while Slaughter and May competition partner Philippe Chapette advised Bertelsmann.