To widen access to the profession and promote social mobility, we launched our solicitor apprenticeship programme in the UK in December. Holding ourselves accountable for our stretching DE&I goals, we published our 2022 Race Action Plan report detailing the concrete actions we have taken towards our goal of being an anti-racist firm, including introducing billable credit and recognition for diversity, equity and inclusion contribution. We elected 41 new partners and 53 counsel across our global network in our latest promotion round, meeting our 40% global gender diversity target for female partner promotions and our 15% target for under-represented minority ethnic partners in new partner elections annually (UK & US).
National Grid on the sale of a 60% stake in its UK gas transmission and metering business – the largest UK carve-out of 2022.Standout examples of energy transactions include advising: The addition of our Energy & Infrastructure team in the US during the year, completes our global energy transition coverage and is already resulting in client wins.
Impressive growth in our energy sector this year has been driven in large part by global energy transition, which accounted for seven of the firm’s ten largest energy matters. HSBC on the CA$13.5bn sale of its banking business in Canada to Royal Bank of Canada.Thermo Fisher on buying diagnostics firm Binding Site for $2.6 bn – involving a global Linklaters team across 14 offices and our Australian alliance firm, Allens.Carrier Global Corporation on the acquisition of Viessmann Climate Solutions for €12bn – one of the largest transactions in the German M&A market.We have seen significant growth in revenue from high-end M&A with roles on some of the market’s biggest and most complex transactions. Further strengthening our partner teams in the areas of greatest importance for clients has delivered strong growth in high-end M&A, restructuring and insolvency, global contentious mandates, complex financings and energy transition.
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