Herbert Smith has secured Next as a new client after wrapping up a major financial restructuring programme for the high street fashion retailer.
The deal cements Herbert Smith’s position as favoured UK corporate adviser for investment bank Lazard, which introduced Next to the firm in August.
Lazard turned to Herbert Smith ahead of its other adviser Freshfields Bruckhaus Deringer in January after Herbert Smith advised media group Pearson on the sale of its interests in Lazard to Industrielle Gaz et Eaux for £410m.
