The poll of corporate clients ranks the five traditional prestige firms — Clifford Chance, Linklaters, Freshfields Bruckhaus Deringer, Allen & Overy and Slaughter and May — below average, highlighting increasing tensions over the issue of legal fees between big businesses and their solicitors. National Express will today launch a 370 million to 375 million pounds rights issue, a move which will draw a lie under weeks of speculation over the company’s future. Revenue fell from 942 million pounds to 935 million pounds. Bridgepoint, Cinven, BC Partners and Clayton Dublier & Rice are all expected to submit final offers next month that will value the company at between 400 million and 500 million pounds. BCA, which sells over 12,000 vehicles a week at physical and Internet auctions, was bought by private equity group Montagu in 2006 for 450 million pounds. read more
[Tags]million, pounds, company, issue, percent, figures, car auction news[/Tags]
