Simpson Thacher & Bartlett
International Top 30 position: 22
International 50 position (Asia-Pacific): 37
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While Simpson Thacher & Bartlett's 2012 financial results have not been released at the time of writing, the US firm's role on a number of headline deals last year point to a stellar 12 months.
One such deal saw the firm snap up roles advising on the Carlyle Group’s acquisition of Getty Images from US private equity rival Hellman & Friedman in August 2012. Simpson Thacher advised both Getty Images and Hellman & Friedman, with the team including Palo Alto partners Chad Skinner (corporate), Katharine Moir (tax),Tristan Brown (employee benefits), Bill Brentani (credit) and New York credit partner Brian Steinhardt.
Meanwhile, 2012 broke all records for mentions of the acronym ‘IPO’ in Facebook statuses after the social media giant finally filed documents for its long-awaited stock exchange debut. Simpson Thacher acted for the underwriters, which included Morgan Stanley as lead bank, JPMorgan in second position and Goldman Sachs in third, with Bank of America Merrill Lynch, Barclays Capital and Allen & Company also on the roster.
London revenue in 2011 stood at $55.60m, an increase of five per cent on the previous year.
News from The Lawyer
Briefings from Simpson Thacher & Bartlett
On 14 December 2012, the Federal Reserve Board issued a notice of proposed rulemaking to apply enhanced prudential standards and an early remediation framework to foreign banking organizations (FBOs) with $50 billion or more in total global consolidated assets.
Private investment transactions between sophisticated parties often include a negotiated agreement, sometimes called a ‘big-boy letter’, in which the buyer acknowledges that it has made its own independent assessment of the risks involved, including that the seller or other counterparty may possess material, non-public information regarding the issuer which has not been disclosed to the buyer.
Analysis from The Lawyer
Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast
Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.
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1 Ropemaker Street
Global turnover 2011: $963.5m
Global lawyers: 820
No. of offices: 5
No. of qualified lawyers: 66 (International 50)