SJ Berwin and Clifford Chance (CC) are among a host of firms to win roles as beleaguered music company EMI is to be split into two, with Universal Music set to take over the recording unit for £1.2bn and a Sony-led consortium bidding $2.2bn (£1.4bn) for the publishing business.

EMI, home to artists including the Beatles, has been under Citigroup’s ownership since February this year when it took it over from buyout house Terra Firma.