Multibillion-dollar Argentinian oil case lands in UK court Petersen Energia, the energy arm of a major Argentine banking group, secured a victory in a US court last September, with a $16bn judgment against the Argentinian government. Now, the legal battle has moved to the Commercial Court in the UK, as Petersen pursues further claims against […]
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 […]
Multibillion-dollar Argentinian oil case lands in UK court Petersen Energia, the energy arm of a major Argentine banking group, secured a victory in a US court last September, with a $16bn judgment against the Argentinian government. Now, the legal battle has moved to the Commercial Court in the UK, as Petersen pursues further claims against […]
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 […]
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 […]
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 […]
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 […]