Claimants, defendants and funders will be expected to engage with a new review into how disputes are backed by third-parties, amid concerns over rising costs caused by delay tactics in litigation.
SRA files new claim over Axiom Ince collapse The Solicitors Regulation Authority (SRA) has filed a new matter with the courts. Listed on the public filing system against the former boss of collapsed firm Axiom Ince, Pragnesh Modhwadia, the suit is listed as a Part 8 miscellaneous matter, which usually seeks the court’s decision on […]
Mammoth Glencore securities litigation goes for first CMC Hundreds of claimants participate in five separate matters, with representation from Stewarts, Pallas Partners, Quinn Emanuel Urquhart & Sullivan, BCLP and Fox Williams. The Glencore group action is a mammoth case, due to go before the Business and Property Courts for a three-day CMC beginning tomorrow (21 […]
A long-running negligence claim launched by an ex-KPMG Singapore partner against Herbert Smith Freehills (HSF) has taken a new turn after inconsistencies were alleged against a key witness of the firm. The claimant in the proceedings is KPMG’s ex-head of restructuring, Graham Martin, who instructed HSF in 2017 to challenge a worldwide freezing order brought […]
Claimants, defendants and funders will be expected to engage with a new review into how disputes are backed by third-parties, amid concerns over rising costs caused by delay tactics in litigation.
SRA files new claim over Axiom Ince collapse The Solicitors Regulation Authority (SRA) has filed a new matter with the courts. Listed on the public filing system against the former boss of collapsed firm Axiom Ince, Pragnesh Modhwadia, the suit is listed as a Part 8 miscellaneous matter, which usually seeks the court’s decision on […]
Mammoth Glencore securities litigation goes for first CMC Hundreds of claimants participate in five separate matters, with representation from Stewarts, Pallas Partners, Quinn Emanuel Urquhart & Sullivan, BCLP and Fox Williams. The Glencore group action is a mammoth case, due to go before the Business and Property Courts for a three-day CMC beginning tomorrow (21 […]
A long-running negligence claim launched by an ex-KPMG Singapore partner against Herbert Smith Freehills (HSF) has taken a new turn after inconsistencies were alleged against a key witness of the firm. The claimant in the proceedings is KPMG’s ex-head of restructuring, Graham Martin, who instructed HSF in 2017 to challenge a worldwide freezing order brought […]
This week on Spotlight, we laser in on the legal regulatory team (also known as legal professional discipline) at Kingsley Napley. The market: The Solicitors Regulatory Authority (SRA) has widened its interests considerably in recent years. The MeToo movement has since evolved into concern about culture at law firms, anti-money laundering (AML) has become much more prominent […]
Does anyone need any confirmation of the gradual takeover of the City by rampaging US law firms? No, thought not. If, however, your answer is yes, then more evidence of the Americanisation of London can be found in the upcoming edition of the UK Corporate 50. Much of the focus in this year’s report is […]
Mexico is set to welcome thousands of lawyers later this year when the capital city plays host to the International Bar Association’s (IBA) showpiece event. Partners and support staff will mingle from dawn until way after dusk, discuss strategies and scan way off into the horizon. However, Mexico’s been high on the interest list for […]
At times, Clyde & Co appeared dangerously close to squandering the growth opportunities presented by its July 2022 acquisition of BLM. The firm’s most recent financials, however, suggest BLM was the fuel Clydes needed to grow in the UK. Not that it has been without casualties, with a significant proportion of former BLM partners having […]
The M&A rankings for the first half of 2024 confirmed one thing we already felt was true: that Linklaters and Slaughter and May have had a lot of acquisitive or targeted clients this year. According to data provided by the London Stock Exchange Group, the pair rank first and second respectively in terms of the […]
When Stephenson Harwood chief executive Eifion Morris set a target for doubling revenue to £400m by 2027, he knew it would be a tough challenge. “A profitable growth strategy will probably take more than individual lateral joiners and internal promotions to achieve,” he told The Lawyer back in 2021. This protective view came as the […]
BDB Pitmans partners have voted through proposals that will see the firm transition to a CMS-style network model, having called off merger talks with Womble Bond Dickinson in 2023. The firm has signed a letter of intent with Alvarez & Marsal Legal Services (AMLS) to help internationalise the business. Both BDB Pitmans and AMLS issued […]
Welcome to The Passport, your regular round-up of the most important stories to come from the European legal market. In this edition, we look at how CMS zoomed past Dentons in the Polish lawyer headcount stakes; why you might have to get used to the idea of three firms with ‘Snellman’ in their name; and […]
Akin Gump has recruited three of Cooley’s London partners, including its City managing partner Justin Stock. Stock moves to Akin along with Stephen Rosen and David Bresnick. The three focus on transactions with a life sciences and technology element. At Akin, Stock will become the firm’s international head of technology. Both Stock and Bresnick joined […]
For elite firms with ties to big banks, the first half of 2024 has been fruitful for corporate transactions. Sainsbury’s banking business was sold to NatWest Group last month, with Linklaters and A&O Shearman advising, while Addleshaw Goddard, Freshfields Bruckhaus Deringer and Paul Hastings led on Co-operative Bank’s sale to Coventry Building Society in an […]
Mills & Reeve’s turnover rose by double digits in 2023/24 to a new record high that has resulted in the firm’s highest-ever all-staff bonus pool of £3m. The firm’s turnover rose by 14.1 per cent to £168m, beating its 2025 strategic target of £150m a year ahead of schedule. The firm has not yet revealed […]