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.
A group of three capital markets partners, led by Erica Handling, is moving with at least one assistant to Ashursts. Specialising in straight capital markets, securitisation and structured finance, the group gives a huge boost to Ashursts' finance practice.
The two partners moving with Handling are Kate Lamburn and Siân Withey. Handling has made a name for herself specialising in collateralised debt obligations (CDOs) with a practice billing of more than £2m a year. Her biggest clients include Morgan Stanley, Merrill Lynch, Deutsche Bank, Nomura and JP Morgan.
Weil Gotshal now only has two capital markets partners Jacky Kelly and Christian Smith in London, who focus on securitisation work.
Handling worked on the first wholly euro-denominated CDO in 1999, advising Morgan Stanley on the structuring of holding company Eurocredit. While working on the deal, she met Ashursts capital markets partner Michael Smith for the first time, who advised the collateral manager. The move sprang from that meeting.
Handling says: "This move enables us to raise our practice to the next level by giving us more partner resources, more European offices and an infrastructure in things such as tax."
The new group will work with Ashursts' London-based capital markets partners Richard Kendall and Gonzalo Fernandez, as well as with Smith. But the gap will be Ashursts' lack of US law capability.
Handling says: "The US side is important from a client perspective because a lot of the deals have a US component, but in terms of how much you need people on a day-to-day basis, it's probably not as important as you'd expect."
She says that the group will use existing relationships with US law firms, including a long-established link with New York firm Fried Frank Harris Shriver & Jacobson.