Herbert Smith Freehills Flashcards
1
Q
How many people and offices?
A
- 5,000 people with 2,600 lawyers
- 24 Offices
2
Q
India policy
A
Practice is based across London, Singapore, Dubai and Hong Kong + strong relations with top Indian firms (due to regulations) + also works with law schools and local charities
3
Q
How many year history?
A
170
4
Q
Key values
A
Human, Bold and Outstanding
5
Q
New practice group
A
Digital Legal Delivery (future facing + emphasis on technology)
6
Q
Trainee development
A
- Business Development Committee for trainees (form connections with the client delivery groups and also personal development)
- Reverse mentoring scheme with Lloyds
7
Q
Examples of sectors HSF work in:
A
- Energy
- Consumer
- Financial institutions
- Sport
8
Q
When did the Mars Acquisition of Hotel Chocolate happen?
A
- Agreed in November 2023
- Closed in the first quarter of 2024
9
Q
What were the benefits to Mars?
A
- Fill a portfolio gap (looking for a premium chocolate brand eg it has Mars bar + M&Ms)
- There is a consumer trend of sustainability (mass market brands are not as sustainable as premium brands as their supply chains are driven by price) + in 2022 Hotel Chocolat invested 10% of its profits in sustainable farming initiatives
10
Q
Benefits for Hotel Chocolat
A
- Global expansion and supply chain solution
- Hotel Chocolat has tried to expand overseas (US + Japan) and failed
- They struggled to get the ingredients or products that they needed to the right countries
11
Q
How much was the Mars acquisition of Hotel Chocolat?
A
£534
- 170% higher than Hotel Chocolat’s closing price in the public Market (big premium)
12
Q
What is Mars doing now?
A
- Making a move to buy Kellanova (the maker of Pringles for $36bn)
- Strategy to diversify its portfolio and expand beyond just sweets
13
Q
How many shares did the owners of Hotel Chocolate have?
A
- 27% each (2)
- One will stay on as chief executive
