Wealthy businessman sues former legal advisers Heading to the Commerical Court today (11 March) for five days is the professional negligence case brought by businessman Riad Al Sadik against Clyde & Co, two barristers from XXIV Old Buildings and Harney Westwood & Riegels. Al Sadik, a wealthy businessman who lives in Dubai, invested $136m in […]
This week on Spotlight, we’re bringing you an International Women’s Day special, with employment and discrimination boutique Didlaw. The market: The last two years have seen mass redundancies at large companies make headlines as global economic headwinds continue to see organisations face financial pressure. Proving a woman has been made redundant in a mass redundancy round […]
Welcome to The Hearing, your weekly insider’s guide to the UK litigation market. This week, a litigation funding special. After the UK Government announced (again) its intention to overturn the Supreme Court’s July decision on litigation funding in PACCAR, we look at why funders are not totally thrilled about the announcement. Plus, why are some […]
Taylor Wessing files debt claim Southend United was hit with a new winding-up petition on 23 February, signalling continued financial trouble for the club. Then last week, Martin Dawn PLC, the company that owns a majority stake under chairman Ron Martin, was served with a part 7 debt claim from Taylor Wessing. This was filed […]
Wealthy businessman sues former legal advisers Heading to the Commerical Court today (11 March) for five days is the professional negligence case brought by businessman Riad Al Sadik against Clyde & Co, two barristers from XXIV Old Buildings and Harney Westwood & Riegels. Al Sadik, a wealthy businessman who lives in Dubai, invested $136m in […]
This week on Spotlight, we’re bringing you an International Women’s Day special, with employment and discrimination boutique Didlaw. The market: The last two years have seen mass redundancies at large companies make headlines as global economic headwinds continue to see organisations face financial pressure. Proving a woman has been made redundant in a mass redundancy round […]
Welcome to The Hearing, your weekly insider’s guide to the UK litigation market. This week, a litigation funding special. After the UK Government announced (again) its intention to overturn the Supreme Court’s July decision on litigation funding in PACCAR, we look at why funders are not totally thrilled about the announcement. Plus, why are some […]
Taylor Wessing files debt claim Southend United was hit with a new winding-up petition on 23 February, signalling continued financial trouble for the club. Then last week, Martin Dawn PLC, the company that owns a majority stake under chairman Ron Martin, was served with a part 7 debt claim from Taylor Wessing. This was filed […]
Virgin in Court of Appeal over Alaska Airlines dispute Alaska Airlines is back in the Court of Appeal with Virgin Group this Wednesday (6 March) to dispute its continued payment of trademark royalties. After the US’ fifth largest domestic carrier, Alaska Airlines, took over Virgin America in 2016, it acquired the rights to use its […]
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 […]