The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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 M&A behemoth Wachtell Lipton Rosen & Katz is the latest firm to profit from the approved £45.5bn merger between Barclays and ABN Amro.
Wachtell is representing Bank of America in its $21bn (£10.55bn) purchase of ABN Amro’s US operations, LaSalle. The operations are to be spun-off as part of ABN Amro's merger agreement with Barclays. Corporate partner Edward Herlihy is leading the team at Wachtell.
ABN Amro is being advised by Allen & Overy (A&O), Davis Polk & Wardwell and Nauta Dutilh on the merger, with Davis Polk playing a lead role in the negotiations with Bank of America.
Under the terms of the merger, which were agreed late last night (22 April), the combined Barclays/ABN Amro entity will be known as Barclays Plc and headquartered in Amsterdam
Barclays will pay €36.25 (£24.67m) a share for ABN Amro, valuing the Dutch banking giant at €67bn (£45.59bn). The banks have agreed a break fee of $200m (£136m).
The deal may yet be scuppered by a rival consortium, made up of the Royal Bank of Scotland (RBS), Santander and Fortis, which was due to meet with ABN Amro this afternoon. It is understood that meeting has been delayed because of the merger agreement that was hashed out over the weekend.
The rival consortium has bridled at the move to sell off LaSalle but still thinks it can pay more for ABN Amro than Barclays.
The consortium is being advised by Linklaters, Slaughter and May, Willkie Farr & Gallagher and De Brauw Blackstone Westbroek, as first reported by The Lawyer (16 April).