London Metal Exchange back in court over $12bn nickel trade cancellation After the world’s leading centre for trading in industrial metals, the London Metal Exchange, cancelled nickel trades valued up to $12bn following an unexpected price spike in 2022, US hedge fund Elliott Associates brought a judicial review against the LME. The claimants, Elliott Associates […]
This week on Spotlight, we laser in on the mechanics of specialist energy and construction firm Fenwick Elliott. Origin: Robert Fenwick Elliott set up the firm in 1986, coming from legacy Masons. The firm began by doing only domestic contentious construction work but picked up two ICC arbitrations for the Pakistan government in the 1990s, […]
The £70m landmark construction and cladding dispute that featured in The Lawyer’s top 20 cases of 2024 is closing in on a full settlement, The Lawyer can reveal. It is understood that just two parties in the case, which had an extensive list of defendants, still have active claims against them ahead of October’s 11-week […]
Qatari ex-PM hit with new claim According to the public filing system, ex-Prime Minister and Qatari royal Sheikh Hamad Bin Jassim Bin Jaber Al Thani has been hit with a new claim filed on Friday (28 June) in the Commercial Court, brought by a company owned by Northern Irish businessman Paddy McKillen. McKillen’s company, Hume […]
London Metal Exchange back in court over $12bn nickel trade cancellation After the world’s leading centre for trading in industrial metals, the London Metal Exchange, cancelled nickel trades valued up to $12bn following an unexpected price spike in 2022, US hedge fund Elliott Associates brought a judicial review against the LME. The claimants, Elliott Associates […]
This week on Spotlight, we laser in on the mechanics of specialist energy and construction firm Fenwick Elliott. Origin: Robert Fenwick Elliott set up the firm in 1986, coming from legacy Masons. The firm began by doing only domestic contentious construction work but picked up two ICC arbitrations for the Pakistan government in the 1990s, […]
The £70m landmark construction and cladding dispute that featured in The Lawyer’s top 20 cases of 2024 is closing in on a full settlement, The Lawyer can reveal. It is understood that just two parties in the case, which had an extensive list of defendants, still have active claims against them ahead of October’s 11-week […]
Qatari ex-PM hit with new claim According to the public filing system, ex-Prime Minister and Qatari royal Sheikh Hamad Bin Jassim Bin Jaber Al Thani has been hit with a new claim filed on Friday (28 June) in the Commercial Court, brought by a company owned by Northern Irish businessman Paddy McKillen. McKillen’s company, Hume […]
Orange juice cartel squeezes into Court of Appeal Pogust Goodhead is representing 1,600 orange growers, 22 companies and the Brazillian Association of Citrus Growers in a one-day hearing at the Court of Appeal on Tuesday (2 July) in a suit against the estate of Brazil’s “Orange King”, José Luis Cutrale, who died in 2022. The […]
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 […]
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 […]
The associate recruitment market has tightened up over the past year or two. For trainees looking to qualify, it means that finding a home in their preferred practice area has become more difficult too. Qualification and, specifically, which team you qualify into, can be one of the most crucial moments in a solicitor’s career. On […]
Herbert Smith Freehills’s revenue hit £1.3bn over 2023/24, while profits soared by 14 per cent after a small uptick was recorded in the previous year’s results. The firm’s revenue was up 10 per cent from its last financial results of £1.186bn. Profits saw a double digit burst for the financial year, with HSF reporting a […]