The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Weil Gotshal & Manges has advised on the first wholly euro-denominated collateralised debt obligation (CDO).
The US firm's London office worked with investment bank Morgan Stanley to structure Eurocredit, a holding company for assets of euro416.5m (£268.7m) of high-yield bonds, leveraged loans and mezzanine debt. Weil Gotshal capital markets partner Erica Handling says the variety of assets may attract investors to the high-yield market. "Everyone is looking at the European high-yield market, which is still in its infancy," she says.
"Instead of buying a high-yield bond, you can buy an interest in that market but have a higher credit rating. [The transaction] is bringing instruments like CDOs to the European legal market, and the diversity of the portfolio opens it up to another set of investors."
Ashurst Morris Crisp advised Intermediate Capital Group, which will manage the portfolio.