Corporate/commercial

M&A

Law firms found lacking in M&A department

Clients say law firms are not delivering value for mergers and acquisitions deals with cost and inefficiciencies cited as reasons why external advisers fail to deliver.

POLITICS

Clients to axe multiple law firms

Bad news is on the way for law firms as clients are seeking to reduce their legal spend by cutting the number of law firms they use and instead employ technology to supplement services.

DEALS

Bowmans facilitates US$30 million African financing deal

Bowmans represented and advised Standard Bank and Stanbic Bank Botswana Limited in connection with a senior secured US$30 million multi-currency term, revolving and overdraft financing made available to eco-tourism company Wilderness Holdings Limited

RESEARCH

ALSPs now a $8.4 billion dollar global market - and growing

Fifty-one percent of law firms, 60 percent of corporations using Alternative Legal Service Providers (ALSPs) in at least one service category. An additional 21 percent of law firms and 14 percent of corporations planning to use an ALSP in next year.

DIVESTMENT

PRK Partners advises on SABMiller divestment

The Czech law firm is advising on the Czech and Slovak issues of the deal which sees SABMiller sell off its CEE businesses to complete its merger with Anheuser-Busch.