linklaters: bp is a regular clientLinklaters is acting for oil giant BP on its reorganisation, leading up to a possible initial public offering (IPO) worth around $5bn (£2.79bn) for over half of its petrochemicals business.

BP corporate relationship partner Lee Taylor is leading the Linklaters team to advise the company, which is a regular client of the firm, in what could lead to one of the largest IPOs of recent years.