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.
General Electric (GE) has made an acquisitive start to the year, buying Vetco Gray from a private equity consortium for $1.9bn (£967.67m), as first reported by The Lawyer (15 January). In the UK the purchase was handled by regular UK and Europe adviser Slaughter and May, with relationship partner Frances Murphy leading on the US conglomerate's £2.1bn acquisition of the aerospace division of Smiths Group, with which it is also entering into a joint venture.
The Smiths mandate went to Allen & Overy, led by corporate partner David Wootton.
The deal is structured in two parts: first GE will buy Smiths' aerospace division and then the two companies will form a joint venture, Smiths GE Detection, two-thirds of which will be owned by Smiths and one-third by GE.