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.
Sidley Austin Brown & Wood has stated its intention to muscle in on longstanding Linklaters client Kensington Mortgages after assisting with a £400m mortgage-backed securitisation offered through the group's offshoot Money Partners Securities.
The US firm has been trying to develop a relationship with Kensington since structured finance partner Richard Hughes, who had a relationship with the group, joined from Linklaters last August.
But despite Hughes's historic relationship with Kensington (he was the group's relationship partner while at Linklaters), Sidley has so far been unable to shake Linklaters' stranglehold on the group.
Linklaters capital markets partner James Harbach, who completed much of Kensington's work within Linklaters under the direction of Hughes, acted for Money Partners Securities on the securitisation.
Sidley, led by Hughes, had to instead settle for being instructed by lead manager Barclays Capital, following a recommendation from Kensington. It is the first transaction the firm has completed in conjunction with Kensington.
Sidley international finance partner Jenifer Williams led the team acting for the trustee, Capita Trust Company.
The securitisation was Kensington's first through its new issuance platform Money Partners Securities, which began lending last November, and was the second for the whole group so far this year.
European target telecoms industry 1 Jan 2004-15 Aug 2004, based on date announced