Clive BarnardHerbert Smith has advised the Department of Trade and Industry (DTI) on a £1.44bn government-finance facility to rescue the postal service – one of five major financings to be closed by the firm in the past month.

The City firm’s finance practice also advised Deutsche Bank (New York) on English law aspects of its £820m acquisition of the UK subsidiaries of Schmalbach-Lubeca by Ball Corporation.