The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
SJ Berwin and Nabarro snatched roles on Invesco Real Estate’s acquisition of Stephenson Harwood’s offices.
Invesco is to pay Hermes Real Estate £141.5m for One Finsbury Circus on behalf of the BT Pension Fund and the Royal Mail Pension Fund, acquiring it for one of Invesco’s pan-European funds.
The building, formerly Britannic House, is a stone’s throw from Moorgate tube station and has been home to Stephenson Harwood since April. The City firm occupies all but one floor of the nine-storey building, previously occupied by BP.
Nabarro advised Hermes on the sale, with partner Simon Staite taking the lead.
Although Nabarro has had a number of instructions from Hermes since its appointment to the company’s panel in 2007, this was the first transaction for the client Staite had advised on. Other panellists are Berwin Leighton Paisner, LG and Maxwell Winward.
SJ Berwin partner Darren Rogers headed the team acting for Invesco, the first time the firm - a longstanding adviser - has advised Invesco on a deal for one of its pan-European funds. Rogers was assisted by corporate partner Michael Goldberg and tax partner Giles Bavister.
The deal, that is understood to have been financed out of equity, involved a Jersey property unit trust with a limited partnership underneath.
For the transaction to go ahead it had to comply with regulations arising from the façade having Grade II* listed status. Planning consultancy DP9 advised on this.