The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Allen & Overy (A&O), Ashurst, Fried Frank Harris Shriver & Jacobson and Herbert Smith are celebrating after advising on NTL's £962.4m ($1.62bn) recommended takeover of Virgin Mobile.
The cash offer of 372p per share, or a mixture of cash and shares, will be implemented by way of a scheme of arrangement and is scheduled to complete in June. Virgin Mobile, which floated on the London Stock Exchange last year, rejected an original bid of £871m by NTL last December.
Fried Frank, headed up by partners Arthur Fleischer, Robert Mollen and Jerry Walter, advised NTL on UK and US aspects of the recommended cash offer, while A&O advised the board of Virgin Mobile.
Ashurst, led by partner Robert Ogilvy Watson, was co-counsel to NTL on UK aspects having advised on the company’s £3.5bn merger with Telewest in September.
Herbert Smith, led by corporate partner Gareth Roberts, advised Virgin Group Investments.
Goldman Sachs, advised by Cleary Gottlieb Steen & Hamilton, was financial adviser to NTL, while Morgan Stanley advised Virgin Group.
White & Case acted for joint bookrunners Deutsche Bank, JP Morgan, RBS and Goldman Sachs in connection with the senior financing for the NTL and Telewest merger and further financing for the acquisition of Virgin Mobile.