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.
New York firm Cravath Swaine & Moore has advised on the biggest deal in history - a telecommunications merg-er worth $115bn.
The 442-lawyer firm, which has offices in London, represented MCI WorldCom on its merger with Sprint Corp. Cravaths partners made over $2m last year - the second biggest average profits per partner in New York.
The 500-lawyer Atlanta firm King & Spalding, which has offices in New York, Houston and Washington DC, advised Sprint Corp.
Cravaths partner Robert Kindler says the deal took a surprise twist when Bellsouth Corp made a $100-billion swoop for Sprint, forcing MCI WorldCom to "get its best price in".
King & Spalding partner Bruce Hawthorne says that about 50 lawyers from his firm's corporate, antitrust, tax and employee benefits departments were involved in the deal.
He adds that there was a was a "major sleep deficit" among his team since the deal hotted up in mid-September.
In 1994 King & Spalding helped Sprint in its abortive attempt to merge with Electronic Data Systems, a deal worth a mere $30bn.