The administrators of collapsed firm Axiom Ince are set to receive £3.3m after an order from the High Court on 12 June. Two companies owned by former Axiom Ince boss Pragnesh Modhwadia and his brother Uttam Modhwadia – Brockley Hill Ltd and Narya SVP No 4 Ltd – went into liquidation and administration respectively in […]
At The Lawyer Awards this week, seven teams were shortlisted for the Litigation team of the year prize. They were Quinn Emanuel Urquhart & Sullivan, Mayer Brown, Lewis Silkin, Mishcon de Reya, TLT, and joint entries from Browne Jacobson and Bevan Brittan, and Addleshaw Goddard and McDermott Will & Emery. While Addleshaws and McDermott, and […]
Welcome to The Hearing, your weekly insider’s guide to the UK litigation market. On Tuesday evening, around 1,000 people dressed in their finery descended on London’s Park Lane for the annual The Lawyer awards. The four awards dedicated to disputes lawyers celebrated litigation’s best performances over the past year, with Mishcon de Reya, Pallas Partners, […]
Clash across the Atlantic as ING Bank takes on Bank of Utah Dutch multinational banking giant ING Bank has been hit with a new claim filed this week by the Bank of Utah (BoU), a community bank owned and operated in Utah, USA. BoU has instructed RPC, filing its claim in the Commercial Court last […]
The administrators of collapsed firm Axiom Ince are set to receive £3.3m after an order from the High Court on 12 June. Two companies owned by former Axiom Ince boss Pragnesh Modhwadia and his brother Uttam Modhwadia – Brockley Hill Ltd and Narya SVP No 4 Ltd – went into liquidation and administration respectively in […]
At The Lawyer Awards this week, seven teams were shortlisted for the Litigation team of the year prize. They were Quinn Emanuel Urquhart & Sullivan, Mayer Brown, Lewis Silkin, Mishcon de Reya, TLT, and joint entries from Browne Jacobson and Bevan Brittan, and Addleshaw Goddard and McDermott Will & Emery. While Addleshaws and McDermott, and […]
Welcome to The Hearing, your weekly insider’s guide to the UK litigation market. On Tuesday evening, around 1,000 people dressed in their finery descended on London’s Park Lane for the annual The Lawyer awards. The four awards dedicated to disputes lawyers celebrated litigation’s best performances over the past year, with Mishcon de Reya, Pallas Partners, […]
Clash across the Atlantic as ING Bank takes on Bank of Utah Dutch multinational banking giant ING Bank has been hit with a new claim filed this week by the Bank of Utah (BoU), a community bank owned and operated in Utah, USA. BoU has instructed RPC, filing its claim in the Commercial Court last […]
Justin Gutmann’s boundary fares class action trial begins The trial in the class action regarding rail fares, brought by class representative Justin Gutmann, kicks off today (17 June) in the Competition Appeal Tribunal (CAT) for three weeks with a further week in reserve. Gutmann, represented by Charles Lyndon, alleges that the defendant rail companies abused […]
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 […]
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 […]
Freshfields Bruckhaus Deringer and Slaughter and May have released their retention results for the September cohort, achieving 86 per cent and 84 per cent respectively. There are 37 trainees staying on in newly-qualified positions at Freshfields out of the 43-sized cohort. Slaughters is keeping one fewer trainee from the same sized batch of trainees, meaning […]
Kingsley Napley will give bonuses to staff three months early after a highly profitable year, which saw the firm’s net profit increase by 120 per cent. Managing partner Linda Woolley told The Lawyer that the results were a sign that the firm’s investments in the prior years had come through, following the firm’s challenging year […]
Morton Fraser MacRoberts has posted a 2 per cent rise in revenue in its first set of financial results since the 1 November merger of legacy firms Morton Fraser and MacRoberts. The increase takes the total revenue at the recently-merged Scottish firm to £47.5m, which should be enough to propel Morton Fraser MacRoberts into the […]
The French legal market has welcomed a new boutique this week as CGR Avocats opens its doors following the breakup of its predecessor firm earlier this year. European 100 firm LPA-CGR Avocats finally split in May, bringing an end to the seven-year partnership between Lefèvre Pelletier & Associés and CGR Legal. CGR Avocats relaunched at […]