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Oxbridge And Russell Group Graduates Predominate Latest Trainee Intake Of Top Law Firms
Together with the worldwide economy now just starting to turn, UK law firms should be nicely set to benefit from an upturn in corporate activity. The company was also lively in one deal that was representative and for bidders in the privatisation of power assets advised CET Power Projects on its finally unsuccessful $521Bid a subsidiary company of the Niger Delta Power Holding Company. Problem solver, practical and client oriented," says a customer off the back part of a bond offering, including that the company showed high level of responsiveness and are very much business oriented".
The company is the most prominent on the corporate side and in 2013 it worked on a continuous flow of farm -ins, farm-outs and M&As in the gas and oil sector. It really is among the most creditable disputes outfits in Nigeria and clients compare favourably to one other top businesses they've used, at the exact same degree or over the remainder," says a UK-based attorney. They have been excellent on cross border work," notes one client, while others say the company stands out in the oil and gas side".
In 2014 the firm continued to guide AMCON (Asset Management Corporation about the sale of its shares in Enterprise Bank of Nigeria), valued at N25 billion ($390 million). An actual highlight found the company advise Osun State Government as issuer of N11.4 billion ($70 million) fixed rate sukuk al-ijarah (capital leasing) notes due in 2020 below the second tranche of its N60 billion ($370 million) debt programme.
The company worked on numerous property projects, in one case advising Baysol Development to the construction of a shopping mall in Asba, Delta State, in public-private partnership (PPP) with Delta State Government and Resilient Africa Proprietary. The team has finance clients African Export Import Bank (Afrexim), First Bank Nigeria (FBN) and Lafarge Cement WAPCO. The firm and Clifford Chance paired up on the latter.
A couple of years later, it's a rare person who publicly questions the benefits of gender diversity at the very peak of all commercial enterprises. But progress remains slow, as law firms wrestle to formulate the very best technique to achieve the aim. Tostes da Costa Bueno doesn't consider that law firms are 'a particular case' when it comes to dealing with demands for sex diversity. Six companies declined to provide details of their trainee consumption.
While the results in the 2014 survey represent an improvement in earnings and gains for many companies, all monetary KPIs are still short of 2008 inflation adjusted amounts - in particular gain per full equity partner where the bandings are between 21% and 29% behind 2008. With challenges across the business model, shifting customer demands, and talent retention, law firms are operating in a very different market to that of five years back. They do in the Magic Circle firms.
The business worked with Latham & Watkins to propose Standard Chartered Bank on a $1.5 billion pre-export financing for the Nigerian National Petroleum Corporation (NNPC), which secured the facility for Pipelines and Products Marketing Company, and suggested a syndicate of lenders in August 2013 on a $215 million acquisition facility to Transcorp to purchase the 900MW Ughelli power generating plant in Delta State. The firm worked on the trade with South African law firm ENSafrica.
Whatever the business's reasoning - whether they now concur with the President and Attorney General the law is legally and factually indefensible or have decided that defending DOMA is unacceptable to many of these associates and employees - their drawback supports what's increasingly apparent: it's patently erroneous to defend this harmful law. Each list contains direct connections to the firms' profiles to help further research.
That the firms outside the Top 10 happen to be battered by the economic conditions, increasing client demands in the form of falling costs, as well as the impact of new entrants to the marketplace, is revealed within their profits per equity partner (PEP) amounts: the Top 11 25 now record GBP448K whilst equity partners at the Top 10 get double at GBP905K. Interesting law firm, they do all their development in house.
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