Freshfields and Clifford Chance both reaped fees of over £1.4m each from the privatisation of the rolling stock leasing companies according to a National Audit Office report issued last week. Freshfields advised the Department of Transport and Clifford Chance advised British Rail. The report also revealed that Freshfields did not secure the Department of Transport's prior approval for cost estimates before starting extra work worth £0.6m not foreseen by its original fixed fee contract.
Herbert Smith scoops Slaughters
Slaughter and May, the traditional leader on major stock exchange flotations, has acted on none so far this year, while Herbert Smith has scooped a higher number and total value than any other firm. KPMG figures showing the total number of flotations in the past four years still put Slaughters at number two by deal […]
