The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Sullivan & Cromwell has won a trio of multibillion-dollar deals on consecutive days in the first week of May.
The three mega-transactions were headed by the firm's role advising Wachovia on its $25.5bn (£13.55bn) acquisition of Golden West Financial, a deal led by partner Rodgin Cohen.
Although smaller, the deals for Goldman Sachs and Lazard as financial advisers to Fisher Scientific on its $12.8bn (£6.8bn) acquisition by Thermo Electron, led by partners Joseph Frumkin and Stephen Kotran, and Teck Cominco on its $11.8bn (£6.27bn) bid to acquire Inco, led by partners James Morphy, Donald Crawshaw and George Sampas, made it a good week for the US firm.
Cohen says the fact that the three deals all arrived on consecutive days was "circumstantial", but adds that the ability of Sullivan to service three such deals in such a short period of time was not.
"We have a very strong and broad M&A group and, over time, we'll get a pretty good share of deals," he says.Mayor Rudolph Giuliani, who is believed to have his eye on the presidency.
Palmer and his team of two associates joined Houston-based Bracewell & Giuliani, formerly known as Bracewell & Patterson, which launched in Manhattan last year by bringing in Giuliani as a name partner.
Meanwhile, Clifford Chance and A&O hired finance and restructuring partner John Howitt from Paul Hastings Janofsky & Walker and structured finance partners Howard Goldwasser and Lawton Camp from the New York office of Orrick Herrington & Sutcliffe respectively.
But unlike Linklaters, A&O's and Clifford Chance's hires have made little impact on the local market. As one US competitor candidly puts it: "I don't know who those people are."