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.
The flotation on the New York Stock Exchange represents the largest US IPO in the past five years and one of the largest in history. With 133 million units listing at $31 a unit, the offering raised a total of $4.13bn (£2.07bn).
The units began trading today with Blackstone granting underwriters, which are being led by Morgan Stanley and Citi, a 30-day option to buy up to 20 million additional units at a discounted price.
Simpson Thacher corporate partner Josh Bonnie led the team advising on the IPO alongside partners and associates from the firm's capital markets, tax, M&A and investment management practices.
One of industry's first flotations, the Blackstone IPO was complex in that it is structured as a partnership that is exempt from the governance requirements of investment companies. The work was further complicated by the high level of press coverage the IPO received.
The banks on the float, which include Merrill Lynch, Credit Suisse, Lehman Brothers and Deutsche Bank as book runners, were advised by Skadden Arps Slate Meagher & Flom.