White & Case Deployed 400-Lawyer Army for Saudi Aramco IPO
Nearly 20% of the global firm's attorneys had a hand in advising on the long-simmering, record-breaking offering.
December 11, 2019 at 02:15 PM
4 minute read
The original version of this story was published on The American Lawyer
White & Case's role advising Saudi Aramco on its initial public offering hasn't been a secret for years. The scope of the firm's efforts, on the other hand, has remained under wraps until now.
In a Wednesday press release, the firm finally outlined some basic details of its work on the Saudi oil giant's $25.6 billion offering, naming key lawyers involved and providing an estimate of the attorney resources brought to bear: 400 White & Case lawyers across 20 of the firm's global offices.
The firm, which also advised Aramco on its $12 billion bond offering in April, has a long-term relationship with the Aramco that spans nearly seven decades, so it is no surprise that the firm is leading the charge as it goes through its IPO process.
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