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 & Overys (A&O) attempts to get the Commercial Court to rubber-stamp its decision to act for a number of competing creditors on the TXU Europe administration have been scuppered by one of its own clients. A&O is acting for TXU joint administrator KPMG, TXUs banks, TXU power company creditor Barking and the bankers for energy creditor AES Drax. A Commercial Court hearing was planned for 18 March, where A&O planned to ask the court to approve a protocol outlining the Chinese walls it had put in place to stop sensitive information flowing between all the creditors it is acting for. But at the last minute, Barking, along with AES Drax and another energy creditor International Power, rejected the protocol and forced the hearing to be adjourned. The hearing has been set for next Friday (28 March). A&O is understood to have asked for the hearing to be held in private even though Ernst & Young, the other joint administrator of TXU Europe, wants it to be public.