Consistently ranked as a top money-maker, both
in terms of firm profits and PPP, Magic Circle-firm Linklaters has
achieved legal industry royalty by following the BigLaw formula
well: build the finance and M&A practices, and grow
internationally. The firm is one of the top brands among U.K.-based
law firms, and if you want to work in the United States, there are
two offices to choose from: New York and Washington, DC.
At the beginning of
the 1990s, Linklaters was predominantly a U.K. firm with local
operations in just a handful of cities across Europe and Asia. But
in 1996, the firm embarked on an expansion strategy and hasn't
looked back since. Through a string of global mergers, joint
ventures and organic growth, the firm built up a hefty
international practice. In 2005, following new legislation
permitting multinational partnerships, Linklaters was among the few
global firms in Japan to provide both international and domestic
services. And in 2006, Linklaters opened shop in Dubai, building on
its 30 years of Middle East experience. 2012 saw the opening of the
firm's office in Washington, DC. With 29 offices in 20 countries,
Linklaters is no longer an exclusively fish-and-chips firm.
Linklaters' New York team of U.S.-trained
lawyers has grown tremendously over the past few years. It provides
a full range of legal services to financial institutions and
corporations on their most high-profile domestic and cross-border
transactions, complex litigation and regulatory matters. The team
has the capacity and knowledge on the ground to handle assignments
of virtually any size or complexity in any of its practice areas:
antitrust, banking, capital markets, corporate/M&A, environment
& climate change, executive compensation, financial regulation,
investment management, litigation & arbitration, restructuring
& insolvency and tax.
Regulatory matters and complex litigation get
special attention in the New York office, as well. The firm
recently represented Air France in a Department of Justice
investigation into price-fixing in the multibillion-dollar market
for the air transport of cargo and related follow-on class action
Mainly known in the United States for its
M&A and banking practices, Linklaters' New York team has
represented clients in a number of significant transactions
including the cross-border representation of the Joint
Administrators of the Lehman Brothers bankruptcy and insolvency
proceedings and the Brazilian development bank, BNDES, on the
issuance of new SPV bonds to facilitate the refinancing of $1
billion outstanding bonds.
It takes a multinational to represent a
multinational: Linklaters' clients are some of the biggest, too.
Its M&A practice has represented DISH Network on its
acquisition of substantially all of the assets of Blockbuster,
Inc.; AIG on the sale of its consumer finance businesses in Hong
Kong, Taiwan, Philippines and Thailand; Citi on the sale of its
German retail banking operation to Credit Mutuel Group for $7.7
billion; and Sanofi-Aventis on its $8 billion acquisition of Merck
& Co.'s half of joint venture Merial Limited, an animal-health
company, and the option to acquire Schering-Plough's Intervet.
Linklaters' New York and Washington, DC, offices have played a key
role in a pivotal set of transactions-advising Novartis in its
transformational restructuring involving three deals with
GlaxoSmithKline-together with Linklaters' teams across Europe and
Asia. The deals included the acquisition of GSK's oncology
division, the sale of Novartis' vaccines business and a joint
venture combining the companies' consumer divisions; the team
continues to advise Novartis on the sale of its flu vaccines
business to CSL Limited. Linklaters' global Antitrust team was
recently recognized at the Global Competition Review Awards, where
the transactions won "Matter of the Year."
Linklaters appointed Scott Bowie as head of its Global U.S.
Practice and to sit on the firm's global Executive Committee. The
role is designed to further develop the firm's Global U.S. law
offering, enhancing its reputation as one of the strongest and most
integrated cross-border U.S. law practices in the market.
Big World, Big Awards
Linklaters' Global U.S. practice received a number of prestigious
awards from several publications in 2014. These included the Latin
Lawyer Deal of the Year Awards, Infrastructure Journal Global
Americas Awards, LatinFinance Deal of the Year Awards, American
Lawyer Global Legal Awards, Project Finance International Awards
and International Financial Law Review Americas Awards. Linklaters
also captured the Financial Times' Most Innovative Law
Firm award in the social responsibility category for the
establishment of its International Governance and Development
Move Over Dewey Decimal System
A team of over 200 Linklaters lawyers, alongside Thomson Reuters
and Lawyers Without Borders, produced an indexed digest of the
entire jurisprudence of Liberia, on a pro bono basis. As a result,
judges and lawyers are now able to access, consider and build upon
Liberian case precedent, reinstituting the foundation that was
abruptly abandoned during the political upheaval and civil wars.
Over a period of five years, the team contributed over 5,800 hours,
which resulted in index and summaries covering over 3,700 of
Liberia's cases being compiled for the first time.
Let the Cash Flow
Linklaters advised Abengoa on the formation and Nasdaq IPO of a
Yieldco comprising selected assets of the company in the U.S.,
Spain, Mexico, Chile, Peru and Uruguay. This was the first U.S.
Yieldco IPO of a non-U.S. issuer, only the third IPO of a Yieldco
in the United States and the largest Yieldco IPO to date.
Linklaters also advised Abengoa and Abengoa Yield on the latter's
US$255m notes offering, on the US$285m public offering of Abengoa
Yield shares by Abengoa and on Abengoa's on US$279m offering of
notes exchangeable for Abengoa Yield shares.
Proud to Be Part of Linklaters
Linklaters' New York office hosted its fifth annual Pride
Celebration Dinner in honor of Lesbian, Gay, Bisexual and
Transgender Pride Month. Linklaters partnered with J.P. Morgan
Chase's Legal Diversity Committee for the event. Award winning
journalist Chris Geidner, Legal Editor of BuzzFeed, served as the
guest speaker and provided a thought provoking discussion on the
role of media in a changing landscape for LGBT rights.