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.
Simmons & Simmons has closed its first capital markets deal for niche bank Singer & Friedlander.
The banking subsidiary of the Singer & Friedlander Group issued £250m of floating rate guaranteed notes on the London eurobond market this month.
Singer & Friedlander has historically been advised by Slaughter and May on its own account work, but also gives some instructions to Macfarlanes and Farrer & Co. The bank has also previously instructed Field Fisher Waterhouse. Simmons managing partner-elect Mark Dawkins has also worked with Singer & Friedlander before on litigation.
The bank has also used Simmons for some corporate recovery matters, including Parmalat, but lost out on corporate recovery work to Latham & Watkins following the departure of former partner John Houghton to the US firm in late 2002.
However, this is the first time Simmons has had a capital markets instruction from the bank.
The deal was led by Simmons finance partner Charles Goodall, who has worked with the bank before, supported by tax partner Nick Cronkshaw.
The FTSE 250 bank, which is based in the Isle of Man and London, undertook a private placement of Luxembourg-listed subordinated debt in 2003 to lengthen its maturity profile and diversify its investor base.
The eurobond issue targeted institutional clients in Austria, Germany, the Iberian peninsula, Ireland and the UK. It was oversubscribed by £250m on a planned £150m issue, so Singer & Friedlander extended the issue to £250m.