Lovells private equity partner Marco Compagnoni advised longstanding clients the Barclay brothers on the £160m sale of The Scotsman newspaper to Johnston Press. Scottish firm MacRoberts fielded a team led by corporate partner Alan Kelly to advise regular client Johnston Press. Ashurst competition partner Nigel Parr advised Johnston Press on competition issues.

Sidley Austin Brown & Wood finance partner John Casanova led a London-based team advising Morgan Stanley Bank International on its purchase of the Goldfish credit card brand from Lloyds TSB. Lovells corporate finance head Hugh Nineham and financial services partner Emily Reid advised Lloyds TSB on the sale, which is worth around £1bn.