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.
Allen & Overy (A&O), Freshfields Bruckhaus Deringer and Slaughter and May have advised on the sale of Gatwick Airport, Britain’s second-busiest airport.
Freshfields partner Laurie McFadden advised airports operator and Ferrovial subsidiary BAA on the £1.5bn sale to Global Infrastructure Partners (GIP).
GIP, a fund backed by GE and Credit Suisse that owns London City Airport, turned to previous adviser Slaughter and May, led by partner Mark Horton.
Herbert Smith real estate partner Julian Pollock gave property-related advice to BAA.
A&O infrastructure partner Conrad Andersen advised a lending consortium of 12 banks comprising BayernLB, Banco Espirito Santo (BES), Calyon, Credit Suisse, Grupo Santander, HSBC, JPMorgan, RBC, RBS, SMBC, Société Générale and WestLB.
The sale ends speculation over a potential buyer for the airport after six groups registered an initial interest (3 February 2009).
Alongside GIP, the other interested parties were Gatwick Future Partnership, Hochtief AirPort, Lysander Gatwick Investment Group, Manchester Airports Group and Borealis, and a final group made up of 3i’s infrastructure arm, Ontario Teachers’ Pension Plan and the Canada Pension Plan.
The sale followed a Competition Commission ruling that said BAA should sell Gatwick and two other airports, a decision that BAA is currently challenging in the Competition Appeals Tribunal with advice from Herbert Smith.
Burges Salmon partner Nick Graves advised the Competition Commission in relation to the Gatwick sale.