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.
Terra Firma Capital Partners, the new fund run by Nomura's ex-head of principal finance Guy Hands, has poached a senior lawyer from the bank to take up the newly-created position of global general counsel
Tim Pryce was the section head of transactions and legal for the principal finance group at Nomura before joining Hands' team. Hands made more than £2bn for the bank during his seven years there, but left to set up his own fund in March 2002. He negotiated a deal with Nomura on his departure and continues to manage the bank's private equity assets. The new fund manages Le Meridien Hotels & Resorts, which Nomura, advised by Clifford Chance, bought for £1.9bn from Compass in 2001. As well as Pryce, 70 other employees are understood to have left with Hands. There is one other lawyer on board who reports to Pryce. Terra Firma uses a range of external lawyers, most of them the same ones that Nomura instructs. Nomura's preferred advisers are Allen & Overy, Clifford Chance and Linklaters. Ashurst Morris Crisp also acts for the bank. Pryce told The Lawyer that a review is currently underway to formalise which firms will be used in future.