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.
CLIFFORD Chance is understood to be working flat out to finalise a crucial part of the British Rail network information system, said to be "fraught with problems", before privatisation starts in December.
Sources say the firm and other advisers will have their work cut out for them if they are able to meet the Government's tight deadline.
The firm, heavily involved in the privatisation project, has been appointed to advise on contractual elements of the "revenue allocation system". The system allocates revenue between the 25 different train-operating companies (TOCs). It will be part of a wider-ranging timetable system, which is not even built, say sources.
But a report on massive "delays" and "uncertainty" dogging the development of the revenue and timetable systems appeared in the latest issue of computing magazine Network Week. One rail franchisee said: "The system is fraught with problems. Railtrack has already failed to deliver a new time-tabling system."
Raj Parkash, Clifford Chance commercial partner working on the revenue system, said: "In no way can anyone make any comment on this subject."
Parkash is part of a team led by corporate partner Jeremy Brownlow which has advised the British Railways Board on all aspects of privatisation since its inception in mid-1993.
Their work includes contractual matters and establishing the business entities as stand-alone companies to be sold off.
Linklaters & Paines, led by corporate partner Len Berkowitz, advises the Government and regulator OPRAF.