International law firm Bird & Bird has been advising new client, CRA International (UK) Ltd, on their acquisition of Economics of Competition & Litigation Ltd (formerly known as Lexecon Ltd). The deal itself involved highly complex legal and commercial issues.
With 23 offices across 4 continents, CRA International is an economics, finance and business consulting firm that works with businesses, law firms, accounting firms and governments in providing a wide range of services. Founded in 1965, CRA International combines economic and financial analysis with expertise in litigation and regulatory support, business strategy and planning, market and demand forecasting, policy analysis, engineering and technology management.
Bird & Bird partner Mark Pinder, who introduced Boston based CRA International to the firm, led the team with assistance from corporate associate, Helen Down, and others. As well as involving particularly complex earn-out provisions and the issue of three types of loan notes, the deal also required considerable tax and employment advice. As part of the transaction, approximately 30 former Lexecon Ltd consultants and academic experts have joined CRA International, requiring Bird & Bird employment partner Ian Hunter and his team to negotiate relevant contracts.
Jonathan Yellin, CRA International’s General Counsel said:
“We were delighted with the support Bird & Bird were able to provide. The transaction involved complex issues and the Bird & Bird team crafted legal documents to meet our particular business needs in an especially practical, timely and professional manner. We look forward to continuing our relationship with the firm”.
Mark Pinder added:
“CRA International is a great new client for Bird & Bird. We are particularly well placed amongst UK based law firms to advise US corporations on strategic cross-border investments.”
Howard Kennedy, Mayer Brown Rowe & Maw and Herbert Smith were the other advisors involved on this deal representing the sellers.
For more information on this please contact Mark Pinder on 020 7415 6000. For more information on Bird & Bird, please contact Larry Cattle on + 44 (0) 20 7415 6156.