A busy summer in the City for DLA Piper

The start of August is usually prime time for the City’s dealmakers to ditch their files for flip flops. But this year it seems that there are more than enough deals to keep lawyers holed up in their offices over the summer months.

One big chunk of that action comes courtesy of emerging markets, which have provided lawyers with plenty of work over the last few weeks. For example, DLA Piper and Fasken Martineau stepped up to advise on Oando Energy Resources’ £980m acquisition of ConocoPhillips’ Nigerian upstream oil and gas business – one of the largest transactions in sub-Saharan Africa this year.

Meanwhile, Linklaters, Allens and Squire Sanders are doing their bit to get Myanmar on the grid – advising on a Japanese consortium’s £1.2bn investment into the country’s telecommunications infrastructure over the next 10 years.

Despite analysts’ predictions of a slow-down in equity capital markets activity, the Aim market has also continued to rumble away quietly over the past few months. According to the latest stats from Adviser Rankings, admissions remained solid over the last quarter, with a total of 38 companies joining the fray.

Stephenson Harwood and DLA Piper are among the firms to bulk up their Aim practices the most over the course of the past year.

Who says there’s not much happening in the City over the summer?

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