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.
Skadden Arps Slate Meagher & Flom advised the Chinese government on its investment in private equity house Blackstone Group.
The Skadden team, led by Beijing M&A partner Jon Christianson, advised the Chinese government on its $3bn (£1.51bn) placement with the group ahead of Blackstone's planned IPO, which is expected in mid-June.
The investment is said to be part of the Chinese government's determination to earn higher returns on its $1.2tr (£604.52bn) foreign exchange reserves held in US treasury bonds and other government debt at present.
After the investment Blackstone's IPO will nearly double in size, from $4.5bn (£2.27bn) to $7.8bn (£3.93bn).
Shares in the IPO will be priced at $29-$31 (£15-£16), valuing Blackstone at $33.6bn (£16.93bn). The Chinese government will own no more than 10 per cent of the shares.