Today we reported that the magic circle was lining up to take pole position on Lloyds’s mega £13.5bn rights issue, a deal that totals £22.5bn when £9bn’s worth of contingent convertible notes, (CoCos to you and me) are thrown in (see story).
Now, here’s your starter for ten – can you spot the missing magic circle firm?
If you said Clifford Chance you’re… wrong. OK, it’s true the firm – which is still in the magic circle, despite what one or two mischievous website commenters say – missed out on this peach of a deal.
But what’s this? The firm has just announced that London partner Andrew Forryan has been elected practice group leader for four years, effective from 1 January 2010 (see story).
It might be a consolation prize, but hopefully the headlines will go some way to quantatively easing Clifford Chance’s pain.
Also on TheLawyer.com: why Ashurst has come out smiling on the National Express saga; everything you need to know about Scandinavia; and a Burges Salmon partner confesses to owning a Lindisfarne record.
Plus: our new directory of the top 200 UK firms on TheLawyer.com is the most handy reference tool imaginable. Check it out.